What if the fact that his nose grows everytime he lies was false?
He is actually a pathological liar whose nose grows everytime he tells the truth.
But Disney wanted to keep that part a secret.
Maybe they didn't want children to enjoy a story about a pathological liar.
But what if it was the fact that Pinocchio was not a puppet?
Pinocchio is actually an accurate story about Walt Disney as a child.
Maybe he changed his look on life and stopped lying so much when he almost was killed by a whale.
Maybe all of his character's personalities were sort of like lies he had told as a child.