One rainy day while his father listens to his old reccords, his mother polishes a silver platter, and his brother enjoys his baseball card collection, Little Bill discovers his own treasure, a talenmt for storytelling.

Although his brother's friends make fun of it, Little Bill is very proud of the toy boat he has built and very upset when it is wrecked the first time he puts it in the water.

While playing stick-can hockey with his friends, Little Bill discovers what he thinks is a diamond and they all start imagining what it will be like to be rich.

One night, little Bill is positive there are mean things in his dark closet and that they are just dying to get him. Only when Alice the great performs a magical tucking-in trick do the mean things go away for good.