This is the story of Princess Elizabeth who is in love with Prince Ronald and they plan to soon marry. One day, a terrible dragon smashes Elizabeth's castle, burns her clothes and disappears with her Prince Ronald. Everything is burnt, so she wears a paper bag and sets off to go get him. She outwits the dragon by challenging him. Exhausted by all the activity, the dragon falls fast asleep. Elizabeth steps over the dragon, goes into the cave and rescues Prince Ronald. Astonished by his reaction, she tells him his clothes are pretty and his hair is tidy, but in fact he's a bum. They don't get married after all.