It parodies the Watchmen limited series created by writer Alan Moore, artist Dave Gibbons, and colorist John Higgins, along with the comics industry, the movies they spawn and the creators that get trampled on.

The story revolves around a team of lawyers who, after one of their number is murdered (Krustofski, a mix of The Comedian and The Simpsons' Krusty the Clown), band together to root out the conspiracy involving the comic book industry.

The team, comprising Nite Nurse (Nite Owl), Spottyman (Rorschach pretending to be Jewish), Silk Taker (Silk Spectre), 1700 Broadway Manhattan (the New York address of DC Comics, a musician version of Dr. Manhattan), and Ozyosbourne (Ozymandias, with the appearance and speech pattern of singer Ozzy Osbourne) follow a complex and multi-layered tale of New York copyright and trademark, seeking to uncover a conspiracy against them from an unknown powerful source and a history of how the comic industry has dealt with its creators.

Brain Scan Studios released the parody of the graphic novel Watchmen to serve as a satire of not only the series, but also "the comics industry, the movies they spawn and the creators that get trampled on".

[3] BBC's Culture Mob writer Ellen West notes that while the themes explored by the parody are "a really interesting story...there's plenty of mileage in the relationship between authors, artist and the large commercial organisations who attempt to adapt and exploit their work", her "initial impressions weren't positive".