The film is about a red unicycle named Red, who dreams of becoming the star in a circus act. In his dream, a clown called Lumpy is seen riding Red and juggling. He almost drops one of the balls, but Red bounces it with one of his pedals and gives it back to Lumpy. Lumpy then gets off of Red and continues juggling until he suddenly disappears, at which time Red begins to juggle the balls, and when he finishes, the crowd cheers. He starts to bow, and then soon wakes up, realizing it was just a dream. Sad, Red slowly goes back to the clearance section of the bike store, and he falls back to sleep.