And I can run away from you, I can! I can!
This book had a lot of the tell tale signs of a folktale, repetition, quick introduction, and quick resolution. The lively illustrations keep you wanting to see what happens next.
The Gingerbread boy by Paul Galdone is a telling of the classic story about a gingerbread man on the run from many hungry chasers until he comes upon someone more clever than him. This story has a lot of repetition and it also concludes very quickly after the climax which are both common of folktales.
Found these at Goodwill 4 for $1 could beat that. My mother in law got 3.