A boy climbs to the top of a giant beanstalk where he uses his quick wits to outsmart an ogre and make his and his mother's fortune.

Two rascally weavers convince the emperor they are making him beautiful new clothes, visible only to those fit for their posts, but during a royal procession in which he first wears them, a child whispers that the emperor has nothing on.

When the Tsar proclaims that he will marry his daughter to the man who brings him a flying ship, a goofy country bumpkin sets out to try his luck and meets some unusual companions on the way.

The fisherman's greedy wife is never satisfied with the wishes granted her by an enchanted fish.