The absence of Dan, a series of family squabbles, and a shocking revelation by Bev mar the Conners' first Thanksgiving as a rich and famous family, and they start to realize that money does not necessarily buy happiness.

After a long stay in California with his mother, Dan returns home for Christmas and he, Roseanne and the rest of the family begin to realize how fortunate they are to have each other and how much they have to be thankful for as the old year ends.