While vacationing separately in small-town USA, Elwood and Nora, two of Santa`s elves, receive an urgent transmission, initiating a series of events that will change their lives, and the world, forever. With the help of one good little girl, they set out to rid the town out of an economic depression and turn the wayward children back from naughty to nice. As their relationship blossoms, they discover the limits of their magic, the true meaning of Christmas and the joy of helping others.