Wilbur Post and his wife Carol move into a beautiful new home. When Wilbur takes a look in his new barn, he finds that the former owner left his horse behind. This horse is no ordinary horse . . . he can talk, but only to Wilbur, which leads to all sorts of misadventures for Wilbur and his trouble-making sidekick Mister Ed.

Wilbur Post and his wife Carol move into a beautiful new home. When Wilbur takes a look in his new barn, he finds that the former owner left his horse behind. This horse is no ordinary horse . . . he can talk, but only to Wilbur, which leads to all sorts of misadventures for Wilbur and his trouble-making sidekick Mister Ed.