Princess Penelope needs school lessons, but her governess refuses to teach her with palace pig, Lady Lollipop, present. The king and queen don't know what to do, until mystical, magical Collie Cob the Conjuror steps in. Penelope and Lollipop love Collie's inventive lessons - they see that there are ways of learning all around them in life! As a grand finale, Collie even works out exactly when Lollipop will have her litter of little piglets as a surprise for Penelope's birthday!