The show features Mickey and Friends as they celebrate the magic of dreams. The party starts off with a nice song and dance routine with Mickey and Friends. After the dance Mickey finds out that stubborn Donald does not believe in dreams. To solve the problem Mickey is going to have everyone's dreams come true. Donald still does not believe. Minnie wishes to be a princess. Mickey and Minnie dance along with invited guests Princess Aurora, Prince Philip, Cinderella, Prince Charming, Snow White and her Prince. After Mickey allows Goofy's dream to come true. Goofy wishes to be a pirate. Donald and Goofy party with Captain Hook's pirate crew and welcomes invited guests Peter Pan and Wendy.
After the fun the party is invaded by Captain Hook and his sidekick Mr. Smee. Peter decides to save the day and battle Hook in a heroic sword fight. Donald and Goofy help by getting Smee away from Wendy. Peter, Donald, Goofy, Wendy and the pirates scare Hook into giving with an alarm clock which reminds Hook of his nemesis Tick-Tock the Crocodile. After it is revealed that Hook and Smee were working for Maleficent who decides to show up herself. Maleficent dreams of turning Walt Disney World to The Place Where Nightmares Come True, a play on the slogan The Place Where Dreams Come True. Donald comes up with the idea to save the day. Mickey catches on and realize the power of dreams can't be defeated by evil. Mickey and Friends with the help of Disney Parks guests defeat the villains and save the Magic Kingdom. Donald once again believes in dreams. Mickey and Friends along with all their guest celebrate the power of dreams as the show ends.
- (The cast comes out)
- Minnie: (laughs) Hello everyone! And welcome to today's big celebration!
- Donald: Oh boy!
- Mickey: Hi everybody! I made it!
- Minnie: He's here!
- Mickey: Hi everybody, and welcome to the party.
- Donald: Hi Mickey. What's the surprise?
- Donald: Is that the surprise?
- Goofy: But Donald, they're gonna bring their dreams along to share.
- Donald: Aww-phoey! Nobody believes in dreams anymore.
- Minnie: Oh, Donald. You mean you don't believe in dreams? Why everyone believes in dreams.
- Mickey Mouse - Wayne Allwine
- Minnie Mouse - Russi Taylor
- Donald Duck - Tony Anselmo
- Goofy - Bill Farmer
- Peter Pan - Blayne Weaver
- Captain Hook and Mr. Smee - Corey Burton
- Maleficent - Susan Blakeslee