The story of the tortoise and the hare is told with multiple versions, each highlighting a different lesson. In the original, the hare loses the race to the tortoise by becoming overconfident and sleeping. Later versions show the hare winning by running consistently without rest, and the tortoise winning by changing the rules to favor his swimming ability. Ultimately, they realize teamwork is best, carrying each other to complete the race together. The lessons are to work consistently without overconfidence, play to your strengths, harness team strengths, and compete against problems rather than rivals.