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Pinocchio starts off as a marionette carved by a lonely old man named Geppetto, who wished upon a star one night that his creation becomes a real boy. From the night sky a Blue Fairy appears and grants Geppetto's wish because he has been kind to others and has deserved it. This introduces the recurring moral of the story that goodness is rewarded. The Blue Fairy that grants Pinocchio the gift of life is seen as a mother figure, not only because she created him, but because she nurtures and guides him to who he eventually becomes. She tells Pinocchio that if he wants to become a real boy that he must be brave, truthful, and unselfish, and to learn the difference between right and wrong.
When the Blue fairy tells Pinocchio about your conscience, in comes Jiminy Cricket. The blue fairy dubs him Pinocchio's conscience by saying "I dub you Pinocchio's conscience. Lord high keeper of the knowledge of right and wrong, counsellor in moments of temptation and guide along the straight and narrow path." In the original tale Pinocchio kills the "talking cricket" with a hammer because he doesn't want to hear the truth about the consequences of his actions. Disney, in fact, left out Jiminy until six months into production when he thought Pinocchio couldn't carry the film by himself. Jiminy is an interesting character in that the only characteristics that make him resemble a cricket is the fact that he's green, small, and has a triangular nose.
When Jiminy Cricket is dubbed Pinocchio's "official conscience" Jiminy's clothes change from tattered rags to that of a distinguished and well defined gentlemen. It is this transformation that is showing us that your conscience will lead you to success, respect, and perhaps wealth. Jiminy may now be polished and knowledgeable, but he still isn't the most suitable guide to have, as he too sometimes makes mistakes. Jiminy is more like a role model, or parent, than a "perfect conscience.