When Big-Ears cycles into Jumbo by mistake, his bicycle is smashed to pieces. Noddy decides to try and earn some money to buy a new bicycle, and when Farmer Straw sends a message that he wants him to take six sacks of potatoes to Goblin Corner, Noddy thinks he should soon have enough. However, it turns out that Sly, the goblin, is playing a nasty trick, and Noddy has to think very quickly in order to get Big-Ears a new bicycle . . .