The lost room is a hotel room that exists outside time and space. You can only get into it with a special key. The room also contains a variety of everyday objects that contain special powers. Very special powers. From a comb that stops time when you use it to get your hair in order, to a pencil that creates a single penny on whatever you tap it with. If you get all these objects, something awesome will happen. Maybe bad, maybe good, but definitely awesome.
This is obviously the best plot to any TV series that has ever been shown, ever. And it's on Sky One now. Let us watch.