After Candlewick steals a toy rocket from the Shop of Wonders to convince his friends that it's a gift from his astronaut uncle, Pinocchio and Freeda take him to the Fairy with Turquoise Hair for advice. Will Candlewick be able to resist taking one of the fairy's magic wands?

Pinocchio must find Talking Cricket after he was taken by a monkey! While tracking down his lost friend, Pinocchio finds himself at the Grand Theatre run by the puppeteer Mangiafuoco, who is always looking for new attractions to perform in his show...