Classic fairy tales (Cinderella, Rapunzel, and their respective Princes, Jack and the Beanstalk, Little Red Riding Hood and others) are intermingled with the tale of a Baker and his Wife, who seek to break a spell of childlessness laid upon them by a crabby Witch.  The characters are all busy with their own fairy tales, but each possesses one ingredient for the potion. The connections made among the stories are clever and funny.
In Act One, a farcical, hilarious romp, the characters plot to get their wishes by whatever means necessary.  By the end of Act One, the curse is lifted, and all should live happily ever after.  All seems rosy until Act Two, when a furious Giantess arrives by beanstalk to seek revenge for her husband, whom Jack killed. Events turn serious as the characters learn penalties of greed and the consequences of their actions.