The story introduces three goats named Josh, Jake, and Bob. In any case, there is no grass left for them to eat near to where they live, so they must cross a river to get to a "sæter" (a meadow) or hillside on the other side of a stream in order to eat and get fat. The other side of the river also has an arcade, water park, and bowling alley for them to play. To do so, they must first cross a bridge, under which lives a fearsome troll who eats anyone who passes that way.

Josh is the first to cross and is stopped abruptly, by the troll who threatens to "gobble him up!" Josh convinces him to wait for another slightly bigger billy goat to come across because he/she is larger and a more gratifying feast. The greedy troll agrees and lets the smallest of the goats cross.

Jake then passes next. He is more cautious than Josh, but is also stopped by the troll and given the same threat. Jake tells the troll that she is way to sour for him to eat and that he is made of War Heads. Jake is allowed to cross as well.

Bob then gets on the bridge and is stopped by the hungry troll. When the troll gets up on the bridge, however, Bob says to the troll "If you let me cross this bridge, then I will let you SMOKE WEED EVERYDAY!" The troll replies by saying "Oooooo!!! Gimme, Gimmie, gimme!!!!" The three goats were happy eating grass and having fun and the poor troll ended up in a hospital because he got high. The End.