When the princess saw that her champion was gone, she began wringing her hands, and crying, "Oh, please, kind gentlemen, fight the dragon, some of you, and keep me from being eaten! Will no one fight the dragon for me?" But no one stepped up, at all. And the dragon made to eat the princess.
Just then, out stepped Billy from the crowd, with his fine suit of clothes and his hide belt on him. "I'll fight the beast," he says, and swinging his stick three times round his head, to give him the strength of a thousand men besides his own, he walked up to the dragon, with easy gait. The princess and all the people were looking, you may be sure, and the dragon raged at Billy with all his mouths, and they at it and fought. It was a terrible fight, but in the end Billy Beg had the dragon down, and he cut off his heads with the sword.
There was great shouting, then, and crying that the strange champion must come to the king to be made prince, and to the princess, to be seen. But in the midst of the hullabaloo Billy Begs slips on the brown mare and is off and away before anyone has seen his face. But, quick as he was, he was not so quick but that the princess caught hold of him as he jumped on his horse, and he got away with one shoe left in her hand. And home he rode, to his master's house, and had his old clothes on and the mare in the stable before his master came back.
When his master came back, he had a great tale for Billy, how the princess's champion had run from the dragon, and a strange knight had come out of the clouds and killed the dragon, and before anyone could stop him had disappeared in the sky. "Wasn't it wonderful?" said the old gentleman to Billy. "I should say so," said Billy to him.
Soon there was proclamation made that the man who killed the dragon was to be found, and to be made son of the king and husband of the princess; for that, everyone should come up to the king's town and try on the shoe which the princess had pulled from off the foot of the strange champion, that he whom it fitted should be known to be the man. On the day set, there was passing of coaches and chaises, of carriages and wheelbarrows, people on horseback and afoot, and Billy's master was the first to go.
While Billy was watching, at last came along a raggedy man.
"Will you change clothes with me, and I'll give you boot?" said Billy to him.
"Shame to you to mock a poor raggedy man!" said the raggedy man to Billy.
"It's no mock," said Billy, and he changed clothes with the raggedy man, and gave him boot.
When Billy came to the king's town, in his dreadful old clothes, no one knew him for the champion at all, and none would let him come forward to try the shoe. But after all had tried, Billy spoke up that he wanted to try. They laughed at him, and pushed him back, with his rags. But the princess would have it that he should try. "I like his face," said she; "let him try, now."