Zawgyi is a Burmese folk character adept in the art of alchemy. He is said to have gained his supernatural skills through occult means. He inhabits thick forests near the Himalaya where he forages herbs for magical purposes. After searching for many years he obtained the Philosopher's stone and thereby gained Zawgyihood.
The dance illustrates Zawgyi going about the forest, prancing with his wand, pulverizing herbs and gamboling in jubilation after acquiring the Stone.