Magic Eye Is Back is about a 3 - eyed alien boy, Magic Eye who came to earth and meets Lena a kind-hearted girl, and together they set out for an adventure. The story line reflects the joy and sorrow of the daily life of children.

In his previous ventures to Earth, he stumbled upon some earthlings who became his buddies. They are amused by Magic Eye's personality and amazed at his magical antics. However, Magic Eye had to return to his home in Outer Space, but he promised to return on a certain date. In this season, his buddies wait eagerly for his return. Upon their reunion, more amusing tales take place between Magic Eye and his friends on Earth.