Abbott and Costello add their own unique brand of comedy to this classic fairytale. Whilst Jack (Lou Costello) is babysitting and trying to read the story of Jack and the Beanstalk he falls asleep and in his dream he is Jack in a magical land. Duped by Mr. Dinklepuss (Bud Abbott) into exchanging a cow for a handful if magic beans. Jack plants the beans and the following morning an enormous beanstalk has grown reaching up through the clouds to where the dreadful Giant lives. Jack and Mr. Dinklepuss climb the beanstalk and go in search of the Giant.