Two travelers meet on the open prairie, and pass their time together by trading stories with each other. Their tales become a sort of competition, each attempting to relate something which might disturb the other.

When a stolen white stallion escapes his captors, young Stephanie Ward gives him a new home and a new name: Lightning. As she grooms the horse for show-jumping competition, the pair forms an unbreakable bond. But when Stephanie finds herself in need of an expensive operation, and Lightning's original owner tracks him down, Stephanie sets all her hopes on first prize at the Nationals - and on the horse who's become her best friend!