When the kids' parents get caught in a snowstorm, Jessie must shop for the kid's Christmas presents, get the house decorated and take the kids to the mall to see Santa, where they have a run-in with his mischievous elves.

Jessie teaches Zuri the value of a dollar when, against the wishes of Mrs. Chesterfield, they set up a lemonade stand in the lobby of their building. Meanwhile, Ravi deals with the trials and tribulations of adjusting to his new American school.