Festive comedy about an escaped convict who hides out in a suburban neighbourhood and is befriended by two neighborhood children who think he is the real Santa Claus. Horace McNickle (Edward Asner) is serving prison time for counterfeiting. On the week before Christmas, he escapes from prison dressed as Santa Claus - due to his uncanny resemblance to St. Nick. McNickle hides out from the police in a nearby suburban neighbourhood where he meets two local children who think he is the real Santa Claus. McNickle takes advantage of the kids naivity to help him get his ill-gotten loot, which his partner has hidden in department store Christmas decorations. But after the kids come through, it dawns on him that he has always missed the true meaning of the holidays and rather than make good on his escape, he tries to make good on his promises.