Dave needs to earn some money for a ski trip, so he decides to become a Santa Claus at a local mall. After enduring some unpleasant treatment - including having a boy steal his wallet - the experience is an eye opener for him, and he learns about the real spirit of Christmas. Sandy is looking forward to decorating the Christmas tree, which becomes a bit of a chore. Lloyd is trying to re-institute the old Hogan family Christmas traditions, but is facing opposition from the family. Willie and Mark buy the same sweater for their girlfriends, and neither wants to take their present back.
—jem