We used the 3 Billy Goats Gruff for storytelling. Over a number of days I read the story (just words, no pictures) to my daughter. She really enjoyed listening. Like so many of the other traditional children's stories this one makes use of repetition and order so that the child can follow along easily while appealing to their inclination for order.
After a few readings, I created a place for the story to be acted out. We used this area to recreate the story, taking turns who was the troll and the billy goats. This was also really fun to do. I left this out for my daughter to use whenever she wanted. Later, we also acted out the story ourselves and had fun with that too. (I found an online version of the story 3 Billy Goats Gruff here)