Nicholas knows that guarding the family’s sheep is important, but he also thinks it’s one of the most boring jobs in the world. He decides to make his day more exciting by shouting “Wolf!” so the townspeople will run to help. His practical joke is a huge success from his point of view, but the townspeople are furious.

When three hungry soldiers enter the village, the selfish villagers hide rather than welcome them. To teach the villagers that sharing brings joy, they announce they are making soup from stones. This idea is so surprising that the soldiers convince the self-centered villagers to add something to their soup for additional flavor. Their contributions to the water and stones become a delicious pot of soup.

The miller Elmo and his son Mort have a problem—instead of standing up for what they know is right, they follow everyone else’s opinions. When a farmer complains that Elmo is overworking the donkey, Elmo and Mort mill the grain. When others complain that his prices are too high, Elmo reduces the price, even if he’s losing money. When a friend suggests Mort steal apples with him, Mort goes along with the plan.

Even though Randy is much loved at home, he has a serious problem—everything he has is old! His rich neighbor Mike, who often teases him, has a new bike, new toys, and never does chores. Randy, however, rides an old bike, has old toys, and has to do all kinds of work around the house. Though Randy is often reminded that “things don’t bring happiness,” he desperately wishes he could be rich so he could buy everything new.