It is Cut Day at Bayside, a day on which students traditionally skip class. Zack wants to join in, but because one more absence will mean suspension for him, Mr. Belding is determined to keep an eye on him the entire day.

While Zack's Mom prepares to put on the mall's production of A Christmas Carol, the gang try to help the Bentons get back on their feet for the holidays after Laura is accused of stealing.