The Dirt Bike Kid

The Dirt Bike Kid is a 1985 film directed by Hoite Caston, produced by Julie Corman, starring Peter Billingsley and Stuart Pankin, about a boy who discovers a magic dirt bike that has a mind of its own. Part of the story is inspired by Jack and the Beanstalk.

Jack Simmons (Peter Billingsley) is a lazy boy who lives with his widowed mother (Anne Bloom) who is struggling to support herself and her son since the death of her husband. One day, Mrs. Simmons orders Jack to buy groceries with her last $50 bill she has in her savings, but Jack is distracted by a dirt bike race and uses the $50 to buy a dirt bike from a local bully named Max (Gavin Allen). When Jack has the bike, he learns it is alive, or possibly occupied by a friendly spirit, and does things to help out Jack. Mrs. Simmons is furious that Jack spent her money on a dirt bike, and promptly confiscates the bike and sells it to a local shop owner, Mr. Zak (Al Evans), thus recouping her $50. However, the bike returns in the middle of the night to visit Jack. Jack tells this to Mr. Zak, who says Jack can work off his debt by having himself and the bike make deliveries for him.

Jack also plays on a Little League team sponsored by the Doghouse, a hot dog joint owned by Mike (Patrick Collins), who was a lifetime friend of Jack's father and is trying to look out for Jack in the wake of his father's death. The Doghouse is experiencing serious financial problems and is being sought to be demolished by the town's banker Mr. Hodgkins (Stuart Pankin) in order to make way for a second Hodgkins Bank. One of his tellers is Mazie Clavell (Sage Parker) who is also a coach of the rival Little League team. She later quits when she sees Hodgkins as a ruthless businessman who advocates getting ahead at all costs, and begins dating Mike, whom she sees as an honest business owner who faces adversity squarely. Jack and his friend Pee Wee use the bike to help uncover why Hodgkins is after the Doghouse, especially after hacking into the bank's computer they learn that the Doghouse's land would not make a very good location for Hodgkins' bank and that Mr. Hodgkins' personal account is not as sizable as the community is led to believe. Hodgkins learns of Jack's attempt to save the Doghouse, and enlists the aid of Max (who is a player on his Little League team) who brings in a biker named Big Slime (Weasel Forshaw).

...
Wikipedia