The Chincoteague fire department annually rounds up the wild ponies of Assateague Island, auctioning off the colts and yearlings to manage the herd's population. Two siblings, Paul and Maureen Beebe, have their hearts set on a specific three-year-old wild pony, The Phantom. To achieve their goal, they must earn the necessary funds, successfully capture the Phantom during the roundup, outbid other buyers at the auction, and prepare for an unexpected surprise from The Phantom herself - a foal named Misty.
Misty
The annual roundup of wild ponies on Assateague Island leads to the Chincoteague fire department auctioning off colts and yearlings to manage the herd's population. For siblings Paul and Maureen Beebe, the highlight is the opportunity to own one of these stunning animals.