Charley has several dilemmas facing him at Christmas, all posed by his greedy, heartless landlord Noah and his family. He wants to get an expensive wristwatch for his wife, but his landlord takes it, then his other presents are switched with Noah's, and then he and Noan battle back and forth for a long white beard for their Santa Claus costumes.
On Christmas Eve, the Gang copes with hardships, helps capture a gang of thieves, and learns that Santa Claus really exists for those who wish fervently enough. // On Christmas Eve, it's bitter cold. Poverty and misery are shaking hands. The gang enjoys what they can: watching a Santa in a toy-shop window and smelling bread baking. But hope is in short supply when Joe says that all Santas are fake. The kids ask the shoemaker who tells them Santa is real, you just have to wish hard enough. Two older boys want to make the younger kids' Christmas happy; the Spirit of Santa helps them out, giving them an idea to sell hot bricks to peddlers, beat cops, and others stuck outside. With the money, they buy presents to distribute that night. Meanwhile, the Mob is using fake Santas to deliver moonshine. Can the kids turn this to their advantage?
