The plot of the play was derived from the inset myth of the Homeric Hymn to Hermes. A newborn Hermes has stolen Apollo's cattle, and the older god sends a chorus of satyrs to retrieve the animals, promising them the dual rewards of freedom and gold should they be successful. The satyrs set out to find the cattle, tracking their footprints. Approaching the cave in which baby Hermes is hiding, they hear him playing the lyre, which he has just invented. Scared by the strange sound, the satyrs debate their next move. The nymph of the mountain in which Hermes is hiding, Cyllene, explains to them the nature of the musical instrument. Outside the cave the satyrs see some sewn cow-hides and are convinced that they have found the thief. Apollo returns as the papyrus breaks off.