One Christmas morning, a boy finds a rocking horse under his tree. When he climbs on his back, they ride off on the most wondrous adventures--jousting with knights and capturing outlaws. But as the years go by & the boy outgrows his favorite childhood friend, the rocking horse is stowed in the attic with other old toys. Faithfully the rocking horse waits, hoping his boy will return. Years later, on another Christmas, another little boy (whose father had ridden the rocking horse) discovers the enchanted horse, and off they ride on adventures beyond imagination.