It's a little messed up. Jack and his mother are stricken by poverty. He takes the cow to the market and trades her for five magic beans. His angry mother throws the beans out the window. The next morning there is a huge beanstalk. He climbs the beanstalk and steals belongings from the giant that lives at the top. After a few times of stealing from the giant, the giant catches on and chases Jack. Jack cuts down the stalk and kills the giant.