The proud emperor loves to parade before his people with beautiful clothes. When a court official suggests paying the soldiers more money so they don’t have to beg for food, the furious emperor is ready to throw him in jail.

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.

Little Red Riding Hood is a kind-hearted girl on her way to help her sick grandmother. Her mother warns her not to speak to strangers and to stay on the path as she travels through the forest, but a smooth-talking wolf makes Little Red Riding Hood forget her promise. While Little Red Riding Hood gathers flowers for her grandmother, the wolf uses her delay to devour the grandmother and set a trap for Little Red Riding Hood.

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.