Australian icon Paul Hogan is retired and wants to stay that way. One day, however, his agent calls to tell him that he will be knighted for his contributions to comedy. Set in staying out of the limelight, he declines the invitation. Just as he settles back to the safety of obscurity, his granddaughter Lucy calls, telling him that she has told her friends about him getting a knighthood. Now, he has no choice but to be knighted to save his beloved granddaughter's reputation.