It's two days before the Christmas holidays begin, but Pippi cannot have any holiday because she isn't a pupil. To set this right she decides to go to school for the first time in her life. At school she finds almost everything ridiculous and breaks all rules. When she is out playing in the snow, the two thieves Dunder-Karlsson and Blom seize the opportunity to sneak into Villa Villekulla and steal her bag with gold-coins.