De film vertelt het klassieke verhaal van een houten pop die tot leven komt, en van zijn pogingen om een echt jongetje te worden. Ondanks de hulp van de Blauwe Fee en de liefde van zijn vader Gepetto raakt Pinocchio van het ene avontuur in het andere terecht.
"Cappy" Ricks comes out of retirement to fight against a bill, sponsored by his old political rivals, that, if passed, would forbid the selling of wooden shingles for house-roofs. He also takes time, along the way, to smooth the rocky road to romance being traveled by Bill Peck and Barbara Blake.
After being ridiculed by his surrounding, a man who makes the wooden sculptures leaves the village with his best man to live high up in the mountain and devote to his hobby.
A wooden nutcracker boy and his pet goat compete in a yodeling contest.