Professor Kirkwood reads his poems. Effie Klinker talks about her New Years Eve. Charlie the photographer, tries to blackmail Bergen. Lew Ayres talks about the films he made about religion. Charlie stars in "Dr. McCarthy's Television Hospital."
The gang talk about their New Years Eve. Mary reads her New Years poem. Jack and the gang perform "The New Tenant", about Father Time giving way to Baby New Year, for the first time.
A Day in the Life of Lou Costello. Costello plans to go to the Rose Bowl game, so Abbott tries to find out what he knows about football. Costello's New Years resolutions. Costello has his fortune told.
Gildersleeve's neighbors, the Bullards, are out of town on Christmas Eve, leaving their sick son Craig at home, so Gildy pays him a visit as Santa Claus. The Bullard's arrive back home just in time to sing Carols with Gildy and all his friends.
Bergen has written a New Years play, but has trouble convincing Charlie to play the Baby New Year. Charlie has built a time machine that lets you look back in time. Guest Charles Laughton, along with Bergen and Charlie, watch Charlie's machine and see famous people in history.
The show starts with a flashback to the previous week when the gang boarded a train after the show and celebrated Christmas on the way back to Hollywood. The gang performs their New Years play: "Father Time Rides Again."
Clem Kadiddlehopper potrays a Christmas Tree salesman trying to sell his trees after Christmas. Junior, The Mean Widdle Kid makes New Years resolutions.
The Lux Radio adaptation of the film Miracle On 34th Street, in which a Macy's Department store Santa claims to be the real Kris Kringle. Starring Maureen Ohara, John Payne, and Edmund Gwenn.
Red and his friends are all worried because no one has received any presents from Santa Claus who is mysteriously missing. Santa has been kidnapped, but by who?
Phil arranges for a couple of refugee children to spend Christmas with his family. Phil promised his kids they'd see Santa, so he tried to get Don Wilson who's to busy, so Don gets Andy Devine to replace him.
While Bob and Ray discuss the last evening's Christmas party, they discover one of the drunken party guests never left. An episode of "Jack Headstrong: All American American." A visit to Aunt Penney's Real Life Kitchen.
Rose Marie does her Durante imitation. Jimmy and Alan Young pretend to be little kids on Christmas Eve. Jimmy has his cast at his house for a Christmas party.
The Andrews Sisters perform a number of festive Holiday music as well as a few of their other hits for Christmas, and Ray Noble performs songs he's written.
Through the magic of radio, Bob and Ray visit the North Pole to interview one of Santa's helpers. Mary McGoon has gift and dinner suggestions for Christmas.
Red talks about how people shouldn't travel for the Holiday, so that soldiers can. Dead Eye has a job for the Holidays. Clem Kadiddlehopper goes to buy his girl a present. Junior, The Mean Widdle Kid goes to see Santa.
Finnegan is worried that there ain't no Santa Claus. Archie hosts a Christmas show at the tavern, including music, poetry, and their version of A Christmas Carol.