In middle age Europe, a mother gives birth to a baby named Nicholas who begins by saying "Ho ho ho". Her first child, Fredrick becomes annoyed at the new child, more so one Christmas when he decides to give all of his gifts to an orphanage. His years of good deeds made Nicholas a saint, causing him and his immediate family to freeze in time. In the present day, Nicholas, better known as Santa Claus delivers presents worldwide and his brother Fred, is an arrogant Christmas-hating owner of a Chicago repo company. One particularly busy Christmas, though, Nick calls upon Fred to come to the North Pole and help for the season, but when the brothers can't seem to get along, all looks lost.