Company men Joseph and Lewis are on assignment in 1940s Hollywood, tasked with finding a legendary lost jewel, the Tavernier Violet. (No, it wasn't really cut into the Hope Diamond.) Against a backdrop of a German director attempting to put on a production of 'A Midsummer's Night's Dream,' the two men chase the diamond through an increasingly-absurd set of rapidly-changing circumstances, in a madcap caper.