- Directors: Ben Sharpsteen
- Producers: Walt Disney
- Writers: Novel, Helen Aberson, Harold Pearl, Story, Otto Englander, Joe Grant, Dick Huemer
- Genres: Animation, Family, Music
- Actors: Edward Brophy, Herman Bing, Margaret Wright, Sterling Holloway, Cliff Edwards
While circus animals are being transported, Mrs. Jumbo, one of the elephants, receives her baby from a stork. The baby elephant is quickly taunted by the other elephants because of his large ears, and they nickname him “Dumbo”.
Once the circus is set up, Mrs. Jumbo loses her temper at a group of boys for making fun of her son, and she is locked up and deemed mad. Dumbo is shunned by the other elephants and with no mother to care for him, he is now alone, except for a self-appointed mentor and protector, Timothy Q. Mouse, who feels sympathy for Dumbo and becomes determined to make him happy again.
The circus director makes Dumbo the top of an elephant pyramid stunt, but Dumbo causes the stunt to go wrong, injuring the other elephants and bringing down the big top. Dumbo is made a clown as a result, and plays the main role in an act that involves him falling into a vat of pie filling. Despite his newfound popularity and fame, Dumbo hates this job and is now more miserable than ever.
To cheer Dumbo up, Timothy takes him to visit his mother. On the way back Dumbo cries and then starts to hiccup so Timothy decides to take him for a drink of water from a bucket which, unknown to him, has accidentally had a bottle of champagne knocked into it. As a result, Dumbo and Timothy both become drunk and see hallucinations of pink elephants.
After this performance, Dumbo becomes a media sensation, Timothy becomes his manager, and Dumbo and Mrs. Jumbo are given a private car on the circus train.