Courtland Mead stars in this whimsical, live-action children's fantasy, as Johnny McGowan, a young man living on his family spread in Scotland. The somewhat lonely Johnny wishes for a friend, and is startled when that wish materializes before him in the form of a genuine fire-breathing dragon. Fortunately it's a nice dragon, so the two get along fine. But when a filmmaker and an unscrupulous promoter discover the creature and try to exploit it by building a theme park, 'Dragonworld,' around it, but Johnny evinces great resistance.