Ralph agrees to produce, direct and star in his boss, Mr. Marshall's wife's annual fundraising Christmas benefit show, "A Christmas Carol". Problems arise when Ralph realizes he has promised to take Alice to Miami the same weekend as the show. Hilarity ensues when Ralph rewrites the Dickens classic and with Norton directing it is bound to be a hit. When the show is a hit, all is forgiven.
A musician brooding over the marriage of his sometime girlfriend decides to take his adopted daughter to his home in Texas to celebrate Christmas with his family. While there, he begins to rekindle the relationship he once had with his childhood girlfriend.
As Christmas approaches, Ralph Kramden's latest get-rich scheme risks his and Alice's life savings -- and trusting pal Ed Norton's holiday bonus -- on the lottery. The gamble also places Alice's mother's Social Security check in jeopardy.