The album, released September 21, 1993, is a concept album that follows the title characters as they prepare for the holidays; in their case, the holiday is "Yaksmas Eve," a reference to the second episode of the original 1991 season in which they prepare for Yak Shaving Day and a visit from the Gilded Yak via his flying "enchanted canoe." Soiled diapers are hung from mantelpieces in lieu of Christmas stockings while another tradition calls for filling of one's uncle's boots with coleslaw. It is hoped that the Gilded Yak, who lives at the "West Pole" and who appears via the drain of the bathtub, will leave shaving cream scum in the bathroom sink.