Peter sneaks out of his home on a snowy winter day despite an old man trying to keep him inside due to the presence of a wolf. Peter finds the key to escape and runs into the garden, passing a furry white duck. The old man catches up to Peter and the duck, sending Peter to the shop for a newspaper and returning the duck to the lake. The story features characters like Peter, an old man, a furry swan, a fat cat, and a little bird, and involves an old man building a trap to keep Peter inside away from the big bad wolf.