Refined actress Lauren Ames finally has a chance to study with the great theatre professor Stanislav Korzenowski. Sandy Brozinsky, a brash, loud actress, decides through happenstance to also study with Korzenowski. The two women end up dating the same man (who turns out to be a double agent) and follow him across the country to force him to choose between them.

On Christmas Eve, an old miser named Ebenezer Scrooge is visited by the spirit of his former partner, Jacob Marley. The deceased partner was in his lifetime as mean and miserly as Scrooge is now and he warns him to change his ways or face the consequences in the afterlife. Scrooge is visited by three spirits, representing his past, present and future, and, after seeing what they have to show him, must make a determination of how he will continue to live his life.