Christmas is approaching, and Arnie and his wife are planning their usual Christmas gift to everyone they know -- a batch of homemade cookies. Because Mr. Majors promoted him to the executive suite, Arnie plans to reward him with a double batch. But he is soon chagrined to learn that it's traditional for the executives to give a more personal -- and expensive -- gift to the company president.
Arnie finds out he's not in line for a Christmas bonus and wonders why. While considering his options, Arnie discovers his boss Hamilton has a different gift to give him.
