In the enchanted world of the North Pole, the hardworking elf Baxter faces an urgent crisis as the very magic of Christmas, the fairy dust, begins to fade as a result of a growing conflict between the red and yellow fairies. Baxter goes on a quest to seek the help of Ally Kazam, the magical bunny known for his special ability to create portals to save Christmas. As time runs out and the magic of Christmas continues to fade, Baxter and Ally team up with Santa Claus to find a solution. As time runs out, their attempts fail; how can Christmas be saved?