The main hero of this film is the spirit of the once very popular wooden statuette called Billiken. It's a small god with a pointed head, a fat belly and a characteristic smile. When the casket in which the statuette was found is broken, the spirit of Billiken is free. After that he tries to fulfill the wishes of all those who had prayed to him, but it doesn't always works.

A not-so-heartwarming tale about capsule toys, the nightmare of obsession, jealous rage, and a slimy, stop-frame animated tiny monster.