Fred is a Scrooge-like miser during the Christmas season and his friends try to get him to join into the Christmas spirit, but he rejects the attempts. After being accused of a being a Scrooge, Fred falls asleep and dreams up "A Christmas Carol." Now it is up to the spirits to take on the challenge that his friends failed at.

Lamont has been saving for acting school and has just enough money. Meanwhile, Fred sees a commercial for a get rich quick scheme and decides to give it a try. Thus, he invests Lamont's money in a supply of Whopper Choppers that he must try to sell. However, selling them is the hard part.