Mi and Velvet travel to the Grand National. Mi hires a professional jockey, but the night before the race, Velvet senses he lacks faith in the Pie and will lose. Velvet dismisses the jockey, leaving them without a rider. That night, Mi overcomes his fear of riding and intends to race Pie himself. He discovers that Velvet has donned the jockey silks and intends to ride. Knowing the dangers, Mi attempts to dissuade Velvet, who is determined to ride. As the race unfolds, Velvet and Pie clear all hurdles and win the race. Elated but exhausted, Velvet falls off her mount at the finish. After the track doctor discovers that Velvet is a girl, Velvet and Pie are disqualified. Velvet, who expected to be disqualified, only wanted to prove that Pie is a champion. Velvet becomes a media sensation and is offered large amounts of money to travel to Hollywood and be filmed with Pie. To her father's disappointment, Velvet tearfully refuses the offers, claiming that Pie would dislike being stared at. Velvet says that she raced Pie at the Grand National because he deserved a chance for greatness. Velvet chooses a normal life for her and her horse. At the close of the film, Mi, ready to resume his old life, takes his leave without bidding Velvet goodbye. Before he gets too far, Mrs. Brown gives Velvet permission to reveal her relationship with his father. Velvet gallops off on Pie and finds Mi on the road. She tells him that his father was Mrs. Brown's coach as the first woman to swim the English Channel.