The story describes the relationship between a boy and a tree over many years. As the boy grew older, he would ask the tree for things to make him happy like money, a house, and a boat, and each time the tree would give a part of itself to provide for the boy. Over time, the tree lost all its branches, trunk, and apples while trying to please the boy. In the end, when the boy was old and tired, the tree welcomed him to rest on her stump, and they were both happy.