Three sororities must compete in a series of sports contests to determine which one will lose their sorority house. The odds are stacked against the Phi Betas until they're joined by an all-girl rock band.
Garbed in his red suit, Harry, a toy factory worker, decides that the only thing he can do to save the spirit of Christmas is to become Santa Claus himself and make all of the naughty townspeople pay... in blood!