When Piglet suddenly arrives, Pooh desperately searches for a new hiding place for the present (since the broken shelf can no longer stay up) as more of his friends arrive at the door, eventually hiding it in an empty honey pot before helping himself to a full pot of honey, but forgets to answer the door.

Not wanting Rabbit to leave, Pooh suggests the idea to use their New Year's resolutions to change their ways for their friend: Pooh vows to never eat honey again, Piglet agrees to be brave, Tigger vows to not bounce anymore, and Eeyore promises to be more positive.

However, their resolutions cause them to switch personalities as a result; Pooh becomes gloomy and downbeat like Eeyore, Piglet becomes zany and bouncey like Tigger, Eeyore develops a taste for honey and dresses in Pooh's clothes (all while standing on two legs), and Tigger becomes paranoid and panicky like Piglet (having also tied a rock to his tail to keep himself from bouncing).

The animals express shame at not being able to keep their resolutions, but Rabbit, upon realizing their intentions, is touched and assures them that he loves them just the same, and that if anything, he is the one who needs to change and be more accepting of their quirks and flaws.

They reunite with Christopher Robin and return to Rabbit's house to celebrate the New Year, where everyone reconciles and enjoys the festivities as planned.

By the time he returns, Piglet opens the gift to find it's a musical box that he made for him that plays “Auld Lang Syne”.