Dipsy the Elf is fed up with the way Santa's Workshop is run. And she's not the only one-tired of an increasingly long Christmas season and the demand for more complicated toys, Santa Claus leaves the North Pole, escaping to a glacier with a legion of penguins who worship him. Now, it's up to Dipsy and her misfit friends to find Santa and teach him the true meaning of Christmas: good working conditions for all.