Once there was a widow who had a son called Peter. He was a strong, able boy, but he did not enjoy going to school and he was forever daydreaming.

"Peter, what are you dreaming about this time?" his teacher would say to him.

"I'm thinking about what I'll be when I grow up," Peter replied.

"Be patient. There's plenty of time for that. Being grown up isn't all fun, you know," his teacher said.

But Peter found it hard to enjoy whatever he was doing at the moment, and was always hankering after the next thing. In winter he longed for it to be summer again, and in summer he looked forward to the skating, sledging, and warm fires of winter. At school he would long for the day to be over so that he could go home, and on Sunday nights he would sigh, "If only the holidays would come." What he enjoyed most was playing with his friend Liese. She was as good a companion as any boy, and no matter how impatient Peter was, she never took offense. "When I grow up, I shall marry Liese," Peter said to himself.

Often he wandered through the forest, dreaming of the future. Sometimes he lay down on the soft forest floor in the warm sun, his hands behind his head, staring up at the sky through the distant treetops. One hot afternoon as he began to grow sleepy, he heard someone calling his name. He opened his eyes and sat up. Standing before him was an old woman. In her hand she held a silver ball, from which dangled a silken golden thread.

"See what I have got here, Peter," she said, offering the ball to him.

"What is it?" he asked curiously, touching the fine golden thread.

"This is your life thread," the old woman replied. "Do not touch it and time will pass normally. But if you wish time to pass more quickly, you have only to pull the thread a little way and an hour will pass like a second. But I warn you, once the thread has been pulled out, it cannot be pushed back in again. It will disappear like a puff of smoke. The ball is for you. But if you accept my gift you must tell no one, or on that very day you shall die. Now, say, do you want it?"

Peter seized the gift from her joyfully. It was just what he wanted. He examined the silver ball. It was light and solid, made of a single piece. The only flaw in it was the tiny hole from which the bright thread hung. He put the ball in his pocket and ran home. There, making sure that his mother was out, he examined it again. The thread seemed to be creeping very slowly out of the ball, so slowly that it was scarcely noticeable to the naked eye. He longed to give it a quick tug, but dared not do so. Not yet.

The following day at school, Peter sat daydreaming about what he would do with his magic thread. The teacher scolded him for not concentrating on his work. If only, he thought, it was time to go home. Then he felt the silver ball in his pocket. If he pulled out a tiny bit of thread, the day would be over. Very carefully he took hold of it and tugged. Suddenly the teacher was telling everyone to pack up their books and to leave the classroom in an orderly fashion. Peter was overjoyed. He ran all the way home. How easy life would be now! All his troubles were over. From that day forth he began to pull the thread, just a little, every day.

One day, however, it occurred to him that it was stupid to pull the thread just a little each day. If he gave it a harder tug, school would be over altogether. Then he could start learning a trade and marry Liese. So that night he gave the thread a hard tug, and in the morning he awoke to find himself apprenticed to a carpenter in town. He loved his new life, clambering about on roofs and scaffolding, lifting and hammering great beams into place that still smelled of the forest. But sometimes, when payday seemed too far off, he gave the thread a little tug and suddenly the week was drawing to a close and it was Friday night and he had money in his pocket.

Liese had also come to town and was living with her aunt, who taught her housekeeping. Peter began to grow impatient for the day when they would be married. It was hard to live so near and yet so far from her. He asked her when they could be married.

"In another year," she said. "Then I will have learned how to be a capable wife."

Peter fingered the silver ball in his pocket.

"Well, the time will pass quickly enough," he said, knowingly.

That night Peter could not sleep. He tossed and turned restlessly. He took the magic ball from under his pillow. For a moment he hesitated; then his impatience got the better of him, and he tugged at the golden thread. In the morning he awoke to find that the year was over and that Liese had at last agreed to marry him. Now Peter felt truly happy.

But before their wedding could take place, Peter received an official-looking letter. He opened it in trepidation and read that he was expected to report at the army barracks the following week for two years' military service. He showed the letter to Liese in despair.

"Well," she said, "there is nothing for it, we shall just have to wait. But the time will pass quickly, you'll see. There are so many things to do in preparation for our life together."

Peter smiled bravely, knowing that two years would seem a lifetime to him.

Once Peter had settled into life at the barracks, however, he began to feel that it wasn't so bad after all. He quite enjoyed being with all the other young men, and their duties were not very arduous at first. He remembered the old woman's warning to use the thread wisely and for a while refrained from pulling it. But in time he grew restless again. Army life bored him with its routine duties and harsh discipline. He began pulling the thread to make the week go faster so that it would be Sunday again, or to speed up the time until he was due for leave. And so the two years passed almost as if they had been a dream.

Back home, Peter determined not to pull the thread again until it was absolutely necessary. After all, this was the best time of his life, as everyone told him. He did not want it to be over too quickly. He did, however, give the thread one or two very small tugs, just to speed along the day of his marriage. He longed to tell Liese his secret, but he knew that if he did he would die.