The movie begins at the end of the story. We start at Granny's house as Little Red Riding Hood enters, but this time the story has a little twist. We get to see Little Red Riding Hood (Hathaway) with a black belt, The Wolf (Warburton) who isn't trying to pull the wool over anyones eyes, Granny (Close) with a dangerous side, and the woodsman (Belushi) with a cowboy accent. Not to mention the characters we've never met before, including Boingo (Andy Dick) the cute bunny, Chief Grizzly who is willing to arrest anyone, and Nicky Flippers (Steirs) who is trying to decipher what actually happened. All the while, the Goody Bandit is on the loose, trying to accomplish his master plan.