The story is told by (Grandpa) Harold Pyramid and takes place at the Rectangle Chocolate Factory where the employees work hard all day making chocolate chip waffles on an assembly line. In celebration of selling their two-millionth chocolate chip waffle, Mr. Rectangle announces that for 30 minutes all employees may eat all the waffles they want. While all other workers ravenously devour the waffles, Tyler [Meshach] (Charlie Cylinder) convinces his friends Isaac [Shadrach] (Jimmy the Sphere) and Gabriel [Abednego] (Alvin the Cone) to abstain. Charlie emphasizes his stance by singing a lullaby called "Think Of Me" that his mom taught him.
When Mr. Rectangle leaves his office only to find all the workers sick except for Isaac, Tyler, and Gabriel, the three are rewarded and promoted to Junior Executives. The following day, Mr. Rectangle calls the trio into his office and tells them that he has constructed a 90-foot (27 m) high waffle which he intends to force all employees to bow down to. Through singing of the "Waffles Song," Mr. Rectangle reveals that he believes nothing in the world (such as God, church, school, healthy food, and family) is more important than the waffle. Those who refuse to prostrate before the statue will be thrown into the factory's furnace.
Disagreeing with Mr. Rectangle, while all the other employees obey, Isaac, Tyler, and Gabriel refuse to sing the song and bow down. Mr. Rectangle confronts the trio and demands that they sing the song, but the trio again refuse and sing a reprise of "Think of Me." Mr. Rectangle is touched but still tells the guards to take them away. Meanwhile, Carla Cylinder plans their rescue. After being pushed down the furnace chute, Carla Cylinder rushes in and rescues them with her delivery truck and tries to flee. Eventually they are recaptured and Isaac, Tyler, and Gabriel fall into the furnace. While Mr. Rectangle gloats, Mr. Diamond looks inside and notices a fourth person in the furnace who is really shiny and none of them are being incinerated. Shocked, Mr. Rectangle tells them to come out and the trio emerge from the furnace unscathed. Mr. Rectangle realizes that it is The Lord who saved the friends and he apologizes for his actions with the trio forgiving him.3
- Jimmy the Sphere as Issac
- Alvin the Cone as Gabriel
- Charile Cylinder as Tyler
- Grandpa Harold Pyramid as Grandpa George
- Mr. Rectangle as Mr. Nezzer
- Carla Cylinder as Laura Carrot
- Mom Smiley as Mom Asparagus
- Mr. Diamond as Mr. Lunt