One day Raggedy Ann and Andy are playing by the Looking Glass Brook when Raggedy Andy discovers a round white pebble. It's a magic wishing pebble! Right away the dolls wish for a magic soda-water fountain for their friends, the Muskrats. But when the trickster, Minky, steals the pebble, the fountain instantly disappears -- along with the fun! Now it's up to Raggedy Ann and Andy to get the magic pebble back so that they can keep making wishes for all their friends.