Kermit the Frog hosts this holiday tale about a toy tiger that wants to relive the joy of being unwrapped on Christmas day. Featuring a mix of live action and Jim Henson's trademark puppets, the story takes place at the home of a young boy on Christmas Eve night. When Santa arrives at the house with presents, the toys from last year's Christmas begin to worry about being replaced. Led by Rugby the Tiger, the old toys sneak out of the playroom to meet their new friends under the Christmas Tree.