PART I
"Tra-lia-lia-lia!" Tra-lia-lia! It's a piece, it's a piece! Tra-lia-lia-lia! I didn't die, even though I was a dry slush..." - the wooden boy jokes while waiting for his father Karl. The cricket tries to stop him, but where are you! The prankster throws a big hammer at the wise Cricket. A cricket hides under a fireplace painted on a canvas. A rat grabs the puppet by the neck: it is about to enter its cave. Father Karl returns and chases the rat away. Karl, having sold the last jacket, brings his son an elemental and escorts Buratin to school.
"Shock boots, shudder boots, to school, to school, Buratin!" But how to go to school when everyone is rushing to the puppet theater? The theater attracts Pinocchio like honey, but where to get the money for the ticket? However, a solution was found - Buratin sells to a boy he met an element book with pictures and... "Hello, dear ladies and gentlemen!" The performance intended for me to start... "The girl with blue hair" - that's the name of the play, or "Three painful blows to my neck" - Pierre begins the performance. The puppets stop playing and surround the tree. Karabas, the director of the theater, bursts into the scene, grabs Pinocchio and drags him off the stage, and orders the puppets to continue the performance. But the play stops.
"I am the most noble puppet master!" I still can't eat lunch... My teeth are chattering, my stomach is hungry, there's a lack of dry jaggery, there's a lack of firewood!..." Dolls cook rabbits and chickens for Karabas, but they run out of firewood. Then Karabas orders the stick to be brought. Buratin begs for mercy. He declares that he once poked his nose into the hearth, but did not start a fire, but only poked a hole in the hearth. After hearing this, Karabas leaves Buratin alive and gives him five gold coins. Fox and Cat see this. Karabas tells Buratin to run to Karl and tell him not to poke holes in the fireplace. Buratin is happy, and the dolls are worried: "Money will not bring happiness. You hide them well. There is some kind of secret here, some kind of secret thought..."
On his way home at night, Buratin gets lost. He is attacked by two robbers. Medinuk is putting money in his mouth. In vain, the robbers try to silence Pinocchio: he bites one of them and runs away. His feet lead him to the house where the blue-haired doll Malvina, who escaped from the clutches of Karabas, lives. Having fallen asleep, Malvina does not let the stick in, and it is caught again by Cat and Fox, pretending to be robbers. Without getting any money, the robbers tie Pinocchio to a pine tree, hoping that the woodpeckers will chop the stick when they come in the morning, and then: "Let's tie it to the strong pine tree, we're waiting for the woodpeckers' feast." He won't last long - ding-ding... the money will be pouring in."
At dawn, Malvina sees Buratin tied up. Geniuses free the stick. Malvina tries to raise Buratin, but where will you raise such a prankster! Then she gets ridiculously angry and tells the woodpeckers to lock Pinocchio in the pantry. Instead of repenting, he just mocks the benefactor. Pinocchio is freed by the Cat and the Fox. Realizing that the money has not yet disappeared, they advise the stickman not to hurry home, but to travel together to the Land of Fools. It is said that you can sow money there - a lot of money will grow! Buratin's offer makes him happy: "Let's go where money grows - away from miracles and fools!" Let's go where the money grows - go, friends! Go, friends!”
At Katino's command, Buratin "seeds" the money and remains to guard it. The Fox and the Cat run to the King of the Land of Fools and inform him that a terrible robber has invaded the country. Pinocchio is arrested by the police - the king sentenced him to drown in a puddle. While the fools are leading Pinocchio to drown, the Fox and the Cat dig up the money. Pinocchio is brought to a broken bridge and pushed into a puddle.
PART II
Buratin confesses to Tortilla, a turtle living in a puddle, that greed killed him. Tortila reports that Fox and Cat stole his money. Buratin cries: there won't be anything to buy a jacket for dad now. The frogs ask Tortilla to help Buratin. The distressed turtle gives the little boy a golden key. Carabas, chasing Pierre and Harlequin, begs Tortilla to give him the key. After learning that the key is with Buratin, Karabas rushes to chase him: "Make sense, you old suitcase!" I will catch and strangle the bastard Buratin!”
"Is grief tormenting me, the sky is crumbling from pain: the rats destroyed Pinocchio, and he died rudely..." - Malvina thought, not finding a stick in the pantry. And Buratin and his friends are already here. Pierre sings about his love for Malvina. The geniuses announce that Karabas is responsible. Buratin tells him that the key is hidden in a pine tree. Carabas is trying to lick the wood that the woodpeckers have smeared with pitch. Medinuk forces Karabas to tell him where the secret door is: in Karl's father's room. Buratin rushes to his father with his friends. When the police arrive, the Fox and the Cat free Karabas and rush to Karla together.
Karl misses his wooden son very much. But then Buratin bursts into the room with the dolls. After apologizing to his father, he offers to tear down the canvas fireplace. Karl does not want to agree. Then Buratin himself tears off the hearth and unlocks the secret lock with the key. Everyone walks through the door...
When Karabas, who arrived with the henchmen, starts banging on the door and tries to open it, suddenly there is a crash of thunder and lightning. The wicked hit the door like a stone. Meanwhile, after entering through the secret door, Buratin, father Karl and the dolls reach the "Lightning" theater - their new home, where they can entertain other children, only without the evil Karabas, the Fox, the Cat and the policemen.