The lesson plan aims to develop students' ability to make inferences and improve reading comprehension. It includes activities like a mystery bag game to introduce inferencing, reading a story about a greedy man while modeling making inferences, and having students practice making inferences in partner reading by citing evidence from passages. Students will discuss inferences made and the lesson or values taught by the story. The lesson flow incorporates circle activities, reading time, and a fun final activity to reinforce the concepts.