The reader follows Waldo in each picture into the realms of amazing fantasy, searching for him among gobbling gluttons, carpet flyers, red dwarves, deep-sea divers, etc.
The reader must solve the mysteries contained in each illustration in order to help the villagers of Shortsville put a stop to the evil wig-wearing wizard Winston.
Since they are out of bread, Rabbit and Hare go to the grocery store and indulge in a shopping spree. At various points in the text the reader is asked to guess what happens next.