Charlie Brown has a problem: He has to write a book report over the Christmas holidays which is due on the first day back. There is one major distraction on his mind and that is the big new year's party all of his friends are attending. He tries inviting the object of his desires, The Little Red-Haired Girl, but gets his hand caught in the mail slot. When the night of the party arrives he gets beaten by Peppermint Patty at Musical Chairs causing him to leave the party while everyone else welcomes in the new year. In the end he finishes his book report but gets only a D- with his teacher claiming it was written on the last night of Christmas Vacation.