Nonsense tale of the Peddler who went to sleep with his unsold caps on his head- and of the monkeys who stole them and wouldn't give them back until, in disgust he threw the one remaining cap away. Then- monkey see, monkey do- they all threw their caps away. He gathered them up and took himself off. Successful in its original form, now reissued with new 4-color illustrations, and with an improved type face.