When Moonbear and his friend Little Bird see a kangaroo in the backyard, they think they must be dreaming, so they do things they would not do if they were awake.
Bear and Little Bird find a baby fish in their pond and decide to keep her for a pet, but when she starts to sprout wings, or maybe paws, each thinks the fish wants to be like him, which puts a strain on their friendship.
Bear envys Bird's ability to fly, and little Bird wishes he were big and strong like robust Bear, leading the pair to strike a thoroughly charming deal.