Rumpelstiltskin, hides away in his secret home in the forest. With no one but his granny for company, he befriends spiders and moths who teach him how to spin gold. At the towns annual talent contest, a boastful Milliner's daughter is threatened by the King to spin hay into gold or face death, Rumpelstiltskin steps in. He spins gold in exchange for her necklace, then later, her promise of her firstborn child. Rumpelstiltskin returns to claim his reward, but when the Daughter begs him not to take the baby he gives her one last chance…