Eccentric Frank Carlyle ran a horror shop in small-town Steeple Falls, which takes pride in and profit from its Halloween traditions. Frank's widower grandson Richard grudgingly returns there from Boston with his own kids, bright Ian and bratty Claire, to settle the inheritance. Ian discovers great-grandpa's house is really haunted, and not just, as legend holds, by historic owner Zachariah Kull, who was burned on the stake.

A deaf man working at his father's high tech chemical engineering firm witnesses criminals fleeing from the firm's headquarters just after they've stolen an ultra-valuable experimental migraine cure. A female security officer is assigned to protect him, and as she does, the two fall for each other.

A rowdy, unorthodox Santa Claus is fighting to save his declining business. Meanwhile, Billy, a neglected and precocious 12 year old, hires a hit man to kill Santa after receiving a lump of coal in his stocking.