Kitty is excited to be planning the Ladies of Point Place (LOPP) Christmas party, and Jackie and Donna are helping, but her rival Patty Ryals comes over to announce that she's taking it over, because Kitty is unreliable (due to her spiking the wrong punch bowl at the 1973 party). Hyde tells Jackie he can't go with her to the party because something came up, but soon she discovers he's blowing her off to play with toys and is irate. Donna and Jackie are both upset with their childish boyfriends and head off to the party with Kitty.

At the party, Bob, dressed as Santa, is enamored with Patty Ryals, but the feeling isn't mutual. Red shows up, tells Kitty the toys they're supposed to be giving away to kids were stolen from the police station. Since that's the only thing Kitty was left in charge of, she panics and tells Red to go to their house and find anything to wrap up and give away. Red finds the guys with the toys and is enraged. Eric says this is all because Red never got Eric an Evel Knievel Stunt Cycle as a kid. Flashback to six years earlier, Red playing with a Stunt Cycle he's planning to give Eric, and Red accidentally destroys it. Remembering that, Red gives the boys a pass, as long as they wrap everything up and bring it to the party.

At the party, Red and Kitty stall as long as possible. The guys climb to the roof of the building to sneak down the chimney. Eric volunteers to go down, and falls down inside. The guys, having burned Eric, climb back down and go in through the back door. Patty rushes the opening of the curtain, and instead of an empty stage, it's filled with toys (with Kelso putting the last one in place). Kitty is honored by the LOPPs for doing such a great job. Hyde talks to Jackie, hoping everything will blow over, but she's tired of his immaturity and walks off, upset. And Bob and Patty leave together.