Magic Journeys looked at the world through the eyes of a child. The film started with children running through a meadow and looking at clouds. Someone blew on a dandelion and the seeds then flew away, turning into stars and then turned into the sun. Next the kids were seen flying a kite at the beach. The kite then turned into a bird, a fish, a school of fish, a flock of birds, bird wings, a Pegasus, a horse and then finally into a merry-go-round. While the children rode the carousel, they began reaching for a brass ring spinning next to the carousel; the carousel spins around the moon and bats fly out past the riders. The moon becomes a witch, a mask, an Olmec head, and more until turning into a cat. A boy reaches out to the cat and it turns into the Sphinx, which turns into a lion jumping through a hoop in the circus. Trapeze artists and acrobats fly through the air and several clowns amuse the children.
The film's preshow song, "Makin' Memories" and the film's theme song, "Magic Journeys," can be found on the 1991 CD The Official Album of Disneyland and Walt Disney World. Both songs also appear on the album "The Sherman Brothers Songbook".