Batman and Robin attempt to foil the Penguin's most recent string of thefts yet, using different gimmicked umbrellas for his thefts. Batman deduces that the Penguin is eventually going to try and steal a jeweled meteorite that is on display in Gotham City. When trying to stop the Penguin, he uses a giant magnet to snag the dynamic duo by their untility belts, but they manage to get free and chase after the Penguin on rocket umbrellas and capture him, locking him up in jail and returning his stolen loot.