The K. T. Infant Fraternity meets one day in December to discuss what the spirit of Christmas is. Chick Bowers believes that it is giving, but Dan insists that nowadays America is all about getting. Chick and Dan are the only two boys to stay at their boarding house over the the holidays, and Dan is rude the whole time. Suddenly a young boy comes to their door looking for Santa Claus. Chick pretends to be Santa, and Dan escorts the boy back to his house, where Dan plans a Christmas celebration for the boy and his family. From the experience, Dan learns that giving really does bring joy.