Santa's in the midst of a late-life crisis—he's tired of the responsibilities of the job and is ready to pass on the reins to his business-minded daughter Mary, who feels torn between the family business and running her own high-stakes firm in New York City, along with balancing a relationship with the love of her life, Luke. The situation gets increasingly dire when Teri, an ambitious new arrival to the North Pole, sows dissension at the workshop in an effort to take over Christmas. However, it is revealed Teri is an elf, bitter at Mary and was trying to take over Christmas. But Mary manages to stop her and take care of the yearly rounds around the world.