The series was hosted by Larry Miller, and stars several "celebrity" puppets,[1] which were created by The Jim Henson Company.

Correctly selecting the liar earns the contestant a pre-stated amount of money, usually in the range of $800 to $900, although one episode's second round was worth $797.

In Round 3, each contestant, starting with the current leader, selects one panelist, who gives a statement relating to the category given by host Miller.

If the contestant correctly judges the statement, a computer randomizer (dubbed the "Randomometer") is activated, when the contestant presses a button, the reels stop, revealing a cash amount greater than $100 (the upper limit is never clearly established; however, the screen has spaces for four digits).

For each correct response, the contestant wins $500, if the contestant gives eight correct responses within 43 seconds, he or she wins the announced grand prize amount, prior to the last break, host Miller initially announces it to be $10,000, however, Weasel occasionally interrupts him to increase or reduce the amount, usually by very little; from $9,993 (eighth aired episode) to $10,004 (fourth aired episode).