Felix's school is haunted again, only this time it's not the benevolent spirit of school founder Otto Leonhard and the nuisance he caused, but the hated and long-since dead Director Hulda Stingbeard. A coincidence causes the former shrunken and skeletonized school principal to rise again. When she manages to return to real life she almost defeats Otto Leonhard, manages to shrink Dr. Schmitt-Gössenwein and Felix' parents, and takes over the school.