Six-year-old Susan Walker has doubts about childhood's most enduring miracle—Santa Claus. Her mother told her the secret about Santa a long time ago, but, after meeting a special department store Santa who's convinced he's the real thing, Susan is given the most precious gift of all—something to believe in.

Yasha is a Jewish stage magician who tours through eastern Europe while destroying his career through personal problems. He has one more chance at theatrical success, but he needs to do a brand new trick in a Warsaw theater.