Before Princess Elizabeth can marry handsome Prince Ronald, a dragon burns down the castle and kidnaps Ronald. With nothing left to wear but a paper bag, Elizabeth heroically finds the dragon's cave and tricks the dragon into exhausting itself, while the dragon is sleeping, she rescues Ronald, who is less than pleased at her un-princess-like appearance.

When Stephanie comes to school with her hair in a ponytail, all the other students copy her, so she decides to change her hairstyle every day, with disastrous results.