The game's story is set in the bedroom of the player, presumably a child. Jiminy Cricket is the guardian of a book in the player's room which features several stories with happy endings. However, the book's happy ending pages are ripped out by a very bored Jiminy Cricket, who has read them so often that they put him to sleep. Source: Wikipedia, "Disney's Villains' Revenge", available under the CC-BY-SA License.