Six-year-old Anthony Fremont has godlike mental powers, including mind-reading. He has isolated his town of Peaksville, Ohio from the rest of the universe. The people must thus grow their own food, and supplies of common household items, such as bar soap, have been dwindling. He has blocked television signals and caused cars not to work. Everybody is under his rule, even his parents. The people live in fear of him, constantly telling him how everything he does is "good," since he banishes anyone thinking unhappy thoughts into the otherworldly "cornfield" from which there is no return. Never having experienced any form of discipline, Anthony does not even understand that his actions are wrong, and is confused when his father tells him that the neighbors are reluctant to let their children play with him after he sent several of his playmates to the cornfield.
One night each week, Anthony gives the townsfolk one hour of television, which he creates and projects onto the family TV set. The adults gather around in the Fremonts' living room, squirming uncomfortably as Anthony shows them a vision of screaming dinosaurs, engaged in a gory battle. Unable to voice their real feelings, they tell Anthony that it was far better than what used to be on TV.
After the program is over, the adults celebrate Dan Hollis' birthday. He gets two presents from his wife: a bottle of brandy – which is one of only five left in the village – and a Perry Como record. Dan is eager to listen to the record, but he's reminded by everyone that Anthony does not like singing and he must listen to it at home. Getting drunk from the brandy, he starts complaining about the miserable state of the town, not listening to the record, and no one singing "Happy Birthday" to him. Anthony at first ignores him after telling him to be quiet. Dan eventually snaps with repressed rage surfacing and confronts the child, calling him a monster and a murderer. While Anthony's anger grows, Dan yells for someone to attack Anthony from behind and end his reign of terror. Aunt Amy (who isn't able to sing anymore because of Anthony) tentatively reaches for a fireplace poker, but no one has the courage to act. Anthony transforms Dan into a jack-in-the-box, causing his wife to break down. The adults are horrified at what Anthony had done, and his father asks him to wish it into the cornfield, which he does.
Anthony causes snow to begin falling outside. The snow will kill off at least half the crops and the town will face starvation. Anthony's father starts to rebuke Anthony about this, but his wife and the other adults look on with worried smiles on their faces. The father then smiles and tells Anthony in a terrified voice, "...But it's good you're making it snow. A real good thing. And tomorrow... tomorrow's gonna be a... real good day!"…