Everyone on Sesame Street is preparing for the holidays on Christmas Eve. Elmo plans to stay up all night on Christmas Eve to see Santa Claus descend from the chimney. He falls asleep, but is awakened when Santa is stuck. Elmo nobly pulls Santa out, where they discern the cause of the extra mass -- a stowaway reindeer-in-training named Lightning. In gratitude, Santa offers Elmo a gift: a pink bear, or a magical snowglobe. He wants the pink bear at first, but then chooses the latter when Santa mentions the snowglobe will grant him three wishes, and Lightning recommends it. To test it, Elmo uses his first wish to obtain a glass of water. Santa tells him he could wish for anything, but to not waste the rest.