It's the holiday season as only Timmy, Cosmo and Wanda can conjure up! This year, names keep disappearing from Santa's Wish List, and he has an idea who's behind it. So Santa summons Timmy Turner, Tootie, Cosmo, Poof and Wanda to the North Pole for a talk. It' seems they've been going overboard granting wishes around the world and its stepping on Santa's toes. Just as the big guy is letting everyone know that things have got to change, he gets hit on the head and starts thinking he's the Easter Bunny! It's up to Timmy to take over for Santa, but first Timmy's got to visit Elmer the Elder Elf, the keeper of the Naughty List, to get his name removed. The path to Elmer is a treacherous journey through the cold North Pole tundra, down the Cracked Candy Cane Chasm, and over the Bridge of Badness. Along the way Timmy, Tootie, Cosmo, Poof and Wanda have to deal with talking penguins, dangerous Ginger Bread Men, and the bitter rivalry between the fairies and elves in order to get to Elmer's in one piece. To make matters worse, the North Pole's magnetism has rendered the fairy's magic useless. Can Timmy and the gang overcome the obstacles without wishes in order to save Christmas? Ho ho ho boy!