To claim a big inheritance, a down-on-his-luck mechanic must win a series of competitions as outlined in his birth father's will.

The first World War rages on when a group of American soldiers find a mysterious artifact that can summon the ancient evil of the Krampus. After the men are killed in action, the artifact is sent to the commanding officer's widow who is a teacher at a small-town orphanage. The orphans accidentally summon the Krampus and the teacher, and her pupils are forced to battle this ancient evil.