Linus and Lucy's baby brother, Rerun, believes he'll be the happiest little boy in the world if he receives one very special Christmas gift - his own dog. Unfortunately, his mom won't get him one, and he doesn't have the ten million dollars Charlie Brown says it will cost to buy Snoopy. Rerun figures there must be a way, and when he learns that Snoopy's brother, Spike, is coming to visit, he decides that he'll adopt him.

A young boy must convince his parents that a toy rifle is the only Christmas gift that will make Christmas worthwhile. Not only do his parents face what many other parents do during that time of the year, but their actions fit in with the All-American Christmas.