Little Grey Rabbit lives with Squirrel and Hare in a little house on the edge of a wood. One day, Moldy Warp the Mole finds a tiny piece of stone with a golden eye painted on it. He loves nothing more than a good treasure hunt, so off he sets to find the rest of the stone picture it must come from. Along the way he is joined by all his woodland friends. They wait for him in a meadow, while Moldy Warp digs deep below the ground. He finds Badger's secret home -- and a treasure trove!