A boy named Jesse didn't get a present on Christmas when he was little, so he doesn't think anybody else should. He dresses up as Santa Claus to bring all the letters to him and robs stores so others cannot get the toys. However, the real Santa is arrested and the imposter goes home with the elves! The imposter asks the toy machine to make him pills, so he becomes a huge monster. Meanwhile, Santa escapes from prison and uses a toy plane to fly to the North Pole. But he runs out of gas. Luckily for him, a young boy trades his fish for gas. He arrives just in time to save his elves from Jesse. He lure the behemoth to the frozen lake, where he falls in, in which the side effects of his pills give him a different color. He asks Santa for help, who uses magic to return him to normal and Jesse reveals that he didn't get a present because he never wrote to Santa. Santa then brings Jesse to the police and returns all the toys. He also gives the generous boy a new fishing rod and a pond full of fish.