Apartment building superintendent Cleveland Heep rescues what he thinks is a young woman from the pool he maintains. When he discovers that she is actually a character from a bedtime story who is trying to make the journey back to her home, he works with his tenants to protect his new friend from the creatures that are determined to keep her in our world.
A young boy's imagination summons cowboy legend Pecos Bill, who helps him save the family farm from a greedy land-grabber. With the help of a lumberjack and a railroad worker, they all embark on a surprise-filled adventure.