A fairy (who calls himself a 'Desire Fulfillment Facilitator' or 'Pip') falls from the star and explains that Wakko had just chosen the only wishing star in the sky. Wakko, saddened about Dot's illness and finding no other choice, wishes upon a star. Wakko finds work in another town to pay for it, but Plotz takes his pay – a ha'penny – from him for 'taxes'. Three siblings, Yakko, Wakko, and Dot Warner, are particularly broke, as Dot needs an operation. Discovery after WarnerMedia's (the renamed Time Warner) merger with Discovery Inc.). at the time of its merger with Warner Communications), led by King Salazar the Pushy (a caricature of Basil Rathbone and wearing a cloak with a clasp that resembles rapper Flavor Flav's clock necklace), takes over Warnerstock, and makes all its people poor and miserable due to overtaxing (also a parody of the formation of Time Warner, now Warner Bros. Taking advantage of the situation, the neighboring kingdom of Ticktockia (a parody of Time Inc. However, upon the death of their beloved king, Sir William the Good, Warnerstock enters a state of civil war.

In the town of Acme Falls within the kingdom of Warnerstock, all the people (including the mime) live happily together. It contains 10 original songs and features a majority of the voice cast reprising their respective roles from the TV show. Family Entertainment label and the second released on January 25, 2000, as part of the Warner Bros. The film was first released on VHS on December 21, 1999, by Warner Home Video under the Warner Bros. It relocates all of the Animaniacs characters to a quasi-19th century fairy tale world and portrays their race to find the wishing star that will grant them a wish. Wakko's Wish (originally titled as Wakko's Wakko Wish) is a 1999 American animated musical comedy- adventure fantasy direct-to-video film based on the 1993–1998 animated series Animaniacs, serving as the series finale until the announcement of the 2020 reboot of the series.

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