Larry is a good natured guy with a spotty work history. Santa picks Larry to fill in when he breaks his leg. Larry`s old boss and Santa`s PR assistant doubt Larry and his ability. Even Larry has misgivings but Santa and Larry`s dad believe Larry`s Christmas spirit and good heart will save the day.

A group of unwitting sorority sisters accidentally awaken the serial-killing Leprechaun after they build a sorority house on his hunting grounds.