Woody, le cow-boy à la démarche déhanchée, reste le jouet préféré d'Andy, même si aujourd'hui Buzz partage cette amitié. Toujours chef de bande, Woody protège et rassure tous les jouets de la chambre. Kidnappé par un collectionneur sans scrupules, Woody va découvrir qu'il fut jadis une vraie star. Après maintes péripéties, il va être confronté à la décision la plus importante de sa vie: rentrer chez lui pour retrouver Andy et les jouets ou rester pour devenir une pièce rare de musée.

After a heart attack, Abbie Polin (Crystal), a New York doctor, goes to Los Angeles to see his father, Abe (King), who works in Hollywood as the "king of the extras." Their relationship has been strained for several years. This was the first movie directed by Henry Winkler, and much of it was filmed inside the MGM Studios in Culver City, California, only a few miles from Hollywood. Lisa, the romantic interest in Abbie's life, also comes for a visit and bonds with Abe, who gets along famously with everyone but his son. Abe begins having memory loss and eventually is diagnosed with a brain aneurysm. He and his son grow closer in time and, before it's too late, Abbie tries to get Abe a speaking role in a film.