A greedy King Midas is visited one day by a mysterious visitor who grants him the ability to turn all things he touches to gold. He learns his lesson when the food he tries to eat and his own daughter are turned to gold as well. The visitor reappears and offers him the opportunity to return to his old self, which he gladly does. Preserved by the Academy Film Archive in 2004.

This is one of four fairy tales master animator Ray Harryhausen made between 1949 and 1953 by hand, using stop-motion photography perfected as an apprentice under mentor Willis H. O'Brien of "King Kong" fame.