Pooh borrows a balloon from Christopher Robin and the gang all panics when Rabbit causes it to become deflated.

Piglet sets out with Tigger and Rabbit to the Land of Milk and Honey, hoping to get some honey for Pooh as a gift after Piglet gets an unexpected gift from Pooh. They discover a tiny race of Piglet lookalikes called "Piglies" who elect Piglet their king, which causes him internal conflict--especially when Tigger and Rabbit abuse the Piglies' hospitality.

When Rabbit forces Tigger to have a bath, the bounce-happy tiger's stripes come off. The gang believes that this "new" creature isn't Tigger, as all Tiggers have stripes, prompting an identity crisis in the sad tiger. Eventually, Eeyore solves the problem by pointing out that it is Tigger's heart, not his stripes, that make him who he truly is.

The gang meets a wind-up monkey toy named Bruno, who claims to be the "best toy a kid could get," in Christopher Robin's closet. Bruno boasts that he is better than all of Christopher's old toys, making them fear that they will be replaced.

Christopher Robin and the gang get into mischief while a babysitter tries to look after them.