Billy Robinson has become the hottest hot-rodder on the professional motorcycle-racing circuit. But when he returns in triumph to his hometown to bask in all the adulation, he also skids into some pretty rank jealousy from envious motorcycling wanna-bes. And when a local race is organized, Billy must shift gears completely and compete against his best friend, Rick, for the top prize.

When Santa Claus decides to retire and pass on his magic bag of Christmas surprises to a new Saint Nick, he enlists the aid of a hilarious assortment of characters. A perky teen runaway and hapless taxi driver Ernest P. Worrell must convince a skeptical kiddie-show host to take over the post of Father Christmas.