A miller brags to the king and people of the kingdom that his daughter can spin straw into gold. The King locks up the girl in a tower full of straw, demanding she spins the straw into gold. Just as she has given up all hope of freedom, a little imp-like man appears in the room and spins the straw in return for her necklace. The king keeps his promise to marry the miller's daughter, but when their first child is born, the imp returns to claim his payment.