The narrator tells about a village called Acme Falls in Warnerstock and about how it was ruled sa pamamagitan ng King William the Good. Then William died, and it was taken over sa pamamagitan ng a place called Ticktockia and the new king, King Salazar the Pushy, replaced William. Salazar's treasury ran low and he began taxing Acme Falls, which soon became a poor town. The townspeople sing of their poverty, while young Wakko Warner, an orphan in the town, tries to cheer everyone up.

After hoping for a whole taon that things would get better, Wakko decides to leave Acme Falls to seek his fortune. His older brother, Yakko,...