On Christmas Eve. a Young Emperor Penguin named Walter finds Santa Claus in his living room. Putting Presents under the tree.
Jolly old St. Nick takes Walter to the North Pole for the trip of a life time. On his journey he gets to see some of the wonders of the North Pole, and even gets to fly on a reindeer.
But most importantly, Walter gains one of the most valuable things anyone can hope to obtain in the world.