在这部圣诞老人与圣诞精神家庭片中,从小就贪心的弗拉迪长大后为了报复圣诞老人,用欺骗和愚弄的方式骗取了了圣诞老人的信任。使圣诞老人不顾“圣诞精神”和精灵们的反对,以为圣诞节可以不用亲自去派送礼物,而可以把这项工作委托给弗拉迪,结果弗拉迪偷走了圣诞老人的魔法书,把圣诞节变成了邪恶的圣诞节,并绑架了圣诞老人和“圣诞精神”。小女孩埃莉渴望过圣诞节的愿望没有被父亲认可,伤心之时父亲又被变成了木偶,在“圣诞精神”和精灵们的帮助下,最终打败了弗拉迪,救回了圣诞老人,并使圣诞老人和“圣诞精神”合二为一,夺回了魔法书。
Christmas is in trouble. Santa, who has been bitten by the Fame Bug, is now magically split from Claus, his conscience and Christmas Spirit. "Fun, fun, fun" seems to be Santa's new purpose in life - which Claus, of course, strongly objects to.