A miniature puppet theater and book combination comprises a housing defining a stage and having collapsible front, side, rear and lower panels. At least one puppet-like object is displaceable on the stage of the housing in the manner of a puppet show. A book whose contents are related to the appearance of the puppet-like object is connected to the housing so that the front, side, rear and lower panels of the housing are collapsible together with the book into a relatively flat compact structure.