Fred Claus, a charismatic but self-centered individual, is desperate to raise $50,000 to open an off-track-betting shop. When his latest scam goes wrong, he turns to his brother Nick, aka Santa Claus, for a loan, but only if he agrees to help with the Christmas rush at the North Pole.

Fred Claus
Fred Claus, Santa's older brother, relocates to the North Pole to assist Santa and the elves in preparing for Christmas, accepting a financial incentive in exchange for his help.