The story is told in a sequence of full-page illustrations, each backed by a blank page. Each chapter is introduced by an illustration with the number of stars corresponding to the chapter number.
A boy's mind wanders as he does his farm chores, until a winged silver pony alights to earth. The boy rushes to tell his father, who spanks him when there is no pony to be seen.
Boy; mother; the Silver Pony; Eskimo (or Inuit) boy
Synopsis
The mother sets the boy to picking apples. When the Silver Pony reappears the boy mounts and they fly far across the world. He sees men hard at work, and an Eskimo boy hunting for seals. He tosses the boy an apple from his tree.
The boy and the Silver Pony fly over a region of terrible flooding. They tow a rowboat to a black child stranded on a roof. With the boat he not only escapes but sets off to rescue others.
Boy; the Silver Pony; city girl; girl in lighthouse
Synopsis
The boy cuts sunflowers, flies to the city and showers them on a young girl on a roof with pigeon coops. He flies to the sea, and hands one to a girl feeding gulls at a lighthouse.
The boy and the pony travel to the American southwest, where they spy a Navajo boy searching for a lost lamb. The boy on the Silver Pony snatches the lamb from the pounce of a mountain lion, and returns it to the shepherd.
The boy rises from his bed at night, still in his pajamas, and rides away with the flying pony. The pony ascends high toward the moon, to the very edge of space. But there the sky is crowded with satellites, missiles, and bombs. They blast the Silver Pony from the sky, and the boy plunges toward the earth.
The parents find the pajama-clad boy unconscious on the lawn, and their doctor rushes to the scene. Once the boy regains consciousness his mother cares for him until the father brings home an appaloosa foal. Without saddle or bridle, the boy and his steed ride wild and free.