A poor bootmaker is down on his luck and down to his last scraps of leather. After a night of worrying, he is shocked to find a finished pair of boots on his workbench. A rich rancher comes along and pays for them with a wad of money, allowing the bootmaker to buy more leather. Each day, more boots magically appear, and more cowboys and rodeo queens show up to get shod. Finally, the man and his wife stay up late enough to spy on their midnight helpers. They then hatch a plan to reward the elves with tiny blue jeans, Western shirts, cowboy hats, and, of course, itty-bitty boots. The delighted elves scoot away into the sunrise, but by now the bootmaker has plenty of ideas for deluxe footwear and can manage without the little people.