Young Penguin has come from Iceland to find his Mother and Father. This must be done before the spring weather becomes too warm.
He falls in with Flibberty, a genial goblin, who helps him in his search. They incur the wrath of Krafty Kingfisher, who accuses the Penguin of stealing a fish from him. On their journey the two meet, among others, two Silly Cuckoos busy practising their spring song, a helpful Bus Driver/Conductor, and the famous Mr. Maestro who has come to town to conduct a concert (he can only understand singing, not talking). Eventually the parent penguins are discovered in the zoo. Flibberty and Young Penguin manage to set them free, and to put Krafty Kingfisher in their place.
Everything ends well, even for Kingfisher, as all the characters gather in the Concert Hall to join (with the audience) in a song to spring.