Timon and Pumbaa are visiting Las Vegas and come across a seafood restaurant. They take a peek through the window and see lobsters, which they mistake for bugs, and enter the restaurant, but since they have no money, they get kicked out.
Timon and Pumbaa see that there is a white lion show going on. The show involves two white lions named Heinrich and Schnitzel and their trainers, Sigmund and Lloyd. Timon decides to run the show to make money, but Pumbaa is afraid of lions since they eat warthogs. The two go to the show and see Heinrich and Schnitzel sitting in their cage wearing sweaters and sweat pants. They then see Sigmund and Lloyd arguing and breaking up. Timon suggests that it's now up to him and Pumbaa to run the show.
Timon and Pumbaa get in the lions' cage and make the show begin. Timon tries to calm the frightened Pumbaa down by telling him that the lions are just acting. Timon then tries to fight the lions but then gets frightened by their harsh response. The lions begin to tease the meerkat by responding harshly as they perform their acts and they focus more of their attention on him. Pumbaa is now no longer afraid of the lions and he's entertained by their performance.
Timon wants to leave but Pumbaa tells him that with them running the show, they can become rich and famous. Timon sees Sigmund and Lloyd sitting on separate tables from each other and still refuse to talk to each other. When Pumbaa has an idea for a television special, the two men reunite and decide to run the show again. Though, on the Heinrich and Schnitzel's condition, the show has the lions tormenting their trainers.
Timon and Pumbaa get thrown out of the show and Timon has an idea for an even better job. The two are on a plane dressed like Elvis Presley and wave to the people in the city. The pilot then pushes them out, and Timon and Pumbaa parachute to the ground.
The title is a play on the phrase "don't have the vaguest idea".