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.

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.

Individuals with a sunny attitude understand that the ending of one opportunity in life often opens the door for a new one. Carrying big loads of grain is easy for young donkeys, but what happens when they get too old to be of use? One old donkey takes off on a journey of rediscovery, picking up an old dog, cat, and rooster along the way.

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.