In this charming fantasy, a young lad is heading home from a hard day of playing hooky from school when he catches a frog in a pond. As he continues toward his home, he also encounters a kindly leprechaun who gives him seven magical coins with the power to grant him seven wishes. The boy then journeys through an enchanted wood where puppets come to life and a gypsy girl becomes a princess. He then discovers that his "frog" is really a spell-bound knight. Using a wish, the boy frees the knight who takes the lad over the rainbow to his home.
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