Red Riding Hood is kipping through the woods and is headed to see Winnie and Winnie sees her as she is flying home on her broom. Winnie comes down and takes Red Riding Hood to her house so they can visit.
The Bad Wolf had been waiting for Red to come by and was mad that Winnie took her. He goes and talks to Winnie after Red leaves and he then leaves for Granny's house.
Winnie beats the wolf to Granny's house and takes her place and plays tricks on the wolf when he shows up. The wolf winds up learning his lesson after tangling with Winnie's broom.