Franklin boasts a lie, and learns that true self-esteem and integrity require a focus on genuine abilities.
Franklin seeks borrowed self-esteem by making a boast to his friends that he cannot keep. Realizing his error, he resolves not to make such boasts again. Wanting to recover his own respect, and that of his friends, he comes up with an interesting solution. The story focuses on a theme of honesty and of making the best of a bad situation, rather than on the deeper error of seeking self-esteem through the approval of others. Parental guidance might bring out the latter.