While this is not a Christmas story, it should be!
I first saw the english version of this in 1965.
A wealthy merchant travels the world to find special gifts to give to each of his three daughters. When the merchant lands on Enchanted Island he finds the most beautiful flower on earth. He picks it to give to his youngest daughter.
But picking the flower angers the island's resident monster. The Monster tells the merchant that the price for picking the flower shall be his daughter as his bride. A magic golden ring will transport her to the island where she will live with him forever.
Eventhough this is the original russian version it's easy to follow along.
Start with Part 2:
http://youtu.be/bhzHa8A53dQ
