This episode guide has been compiled from incomplete video material.
Gordon is about to announce today's sponsors, when Telly, covered in pillows, announces that he's going to play on the slide in the park today. He's wearing pillows because he's afraid that he'll get hurt, like he did the last time he went down the slide.
Telly arrives at the park, where Elmo and some kids are already sliding. Telly says he will slide, but then decides against it, out of fear. Elmo thinks he's smart for wearing the pillows, so Telly decides to do it after all. However, he finds it hard to climb up the ladder while wearing so much padding. He falls over, and needs the help of the other kids to get up. He vows to eventually go down the slide ...
After removing all his pillows, Telly climbs up the ladder. He is still afraid to go down the slide, so he climbs down the ladder. He then climbs up and down the ladder over and over again.
Telly is proud about finally sitting on the slide, but is still afraid of going down it. Elmo still thinks Telly can laugh in the face of the fear of sliding, but he just can't. Elmo promises to wait with Telly until he is ready to slide, which may take awhile ...
Telly is almost ready to go down the slide, and asks everyone to count to 3. After they count, Telly becomes stiff with fear, and decides to say the alphabet instead. Still more waiting to go ...
Telly still doesn't want to go down the slide, and gives up. Elmo suggests that maybe he and Telly could slide down together. Telly likes this idea, and just as they're about to slide, Telly chickens out and lets Elmo go down by himself. Telly thinks he's a big chicken, when a real chicken slides down fearlessly. Elmo decides to seek the help of a grown-up.
Gordon comes over to help Telly overcome his fear of going down the slide. He tells him a story: when he was a boy, he became afraid of roller-skating after hurting his knee. His father convinced him that he wouldn't have fun if he didn't skate, and helped Gordon out until he wasn't afraid of skating anymore. Telly still doesn't think the story applies to him.
Gordon agrees to hold Telly's hand while he slides down. Suddenly, the chicken accidentally gives him a shove, and he slides down all by himself! Telly is proud that he just slid down the slide by himself, and didn't get hurt. Gordon announces the sponsors, while Telly and Elmo have fun sliding.