Dan Reed (Ted McGinley), mayor of Trapper Falls, Alaska, looks forward to Christmas each year with enthusiasm for all the events, friends, and family that fill the special season. Together with his brother Greg (Brad Stine) they dedicate time away from their adventure tour company to drape the town in Christmas cheer. When Dan's old high school rival Mitch Bright (Daniel Baldwin) returns home after 20 years, Dan is immediately suspicious. Mitch is a highly successful big city lawyer who has never wanted anything to do with Trapper Falls or its people, so why now?
This 1952 musical adaptation of the classic fairy tale stars Lou Costello as Jack and Bud Abbott as Mr. Dinkelpuss, the greedy butcher who trades five magic beans for Jack's cow. Buddy Baer is excellent as the fearsome giant who lives in a castle in the clouds.