"Misty of Chincoteague" is a children's novel written by Marguerite Henry and published in 1947. The story follows a wild pony named Misty who lives on Chincoteague Island in Virginia. The book highlights the annual Pony Penning Day, where the wild ponies are rounded up and some are sold at auction. The main characters, Paul and Maureen Beebe, are siblings who dream of owning Misty. Through their adventures, the story explores themes of friendship, responsibility, and the bond between humans and animals. The novel has become a classic, inspiring readers to appreciate nature and wildlife.