The management of touring ice show faces mounting debts.

A country bumpkin becomes a singing sensation on the radio.

Department store owner J. Elliott Dinwiddy has waited fifteen years for the perfect astrological moment to propose to his secretary, Myrtle Tweep. His astrological advisor, Dr. Wakefield, has told him that if he can unite a boy and a girl in true love before midnight, he can propose to Myrtle the following night. Fate then brings unemployed dancer Caroline Wilson into the music department of Dinwiddy's, where she meets handsome songwriter Terry Keith.

A narrator sings the opening stanzas of the classic poem while we see the house at rest. Santa lands on the roof, comes down the chimney, and opens his bag. The toys march out and decorate the tree, with the toy soldiers shooting balls from their cannon, a toy airplane stringing a garland like skywriting, and the toy firemen applying snow. A blimp delivers the star to the top. Meanwhile, Santa fills the stockings. His laughter awakens the children, who sneak out. The toys rush to their places, and Santa escapes up the chimney just in time.

The goddess is greeted by dancing flowers and fairies. The devil comes and takes her away to be his queen. She's despondent, as winter settles in above ground. But the devil isn't happy either, and offers anything to make her happy. They reach an agreement: she'll spend six months above ground and six below. Thus we have seasons.