The document discusses the key elements of a story including plot, characters, setting, conflict, theme, point of view, and symbols. It uses the story "Double Luck" as an example to explain these elements. The elements discussed include the exposition, rising action, climax, falling action, and resolution that make up the plot. It also describes how characters can be main or minor, protagonists or antagonists, round or flat, dynamic or static. The document discusses how themes and point of view are presented in stories and provides some examples of symbols in "Double Luck".