Four successful elderly gentlemen, members of the Chowder Society, share a gruesome, 50-year-old secret. When one of Edward Wanderley's twin sons dies in a bizarre accident, the group begins to see a pattern of frightening events developing.

International terrorists attempt to kidnap a wealthy couple's child. Their plan comes unstuck when a deadly Black Mamba, sent by mistake instead of a harmless snake, escapes and the terrorists and several hostages are trapped in the boy's London home.

Garbed in his red suit, Harry, a toy factory worker, decides that the only thing he can do to save the spirit of Christmas is to become Santa Claus himself and make all of the naughty townspeople pay... in blood!