Die Kinder aus dem Dorf des Weihnachtsmannes wollen ihm etwas schenken. Gemeinsam mit den Elfen überlegen sie, was ihn erfreuen könnte. Ein Zufall kommt ihnen zu Hilfe: Grantelbart hat seinen Gehilfen Gugor dazu angestiftet, zwei äußerst gefräßige Termiten im Haus des Weihnachtsmannes auszusetzen. Diese beiden Tierchen haben nun ausgerechnet den guten Anzug aufgefressen, den der Weihnachtsmann bei einer bevorstehenden Tagung anziehen wollte. Das Material für einen neuen Anzug gibt es nur im "Wald der Trolle". Also machen sich die Elfen in Begleitung von Balbo auf den Weg ...
The elves are called to the village nearby by its children, who want to ask for what Santa wants as a present. First, as the children's hangout, they try everyone's ideas but nothing seemed to fit. Meanwhile, Gruzzlebeard unleashes two termites upon Santa's home, intending for them to eat it down to the ground. Geordi catches them after they eaten a special suit that Santa wears every once in a while for a Christmas Convention. However, Santa is distressed, for his good suit had special powers and without it, he'd look like a fool. The elves and Balbo head off to the forest of the Trolls to get the materials to make a new one, as well as to gather fireflies for the runway's lighting. They got the materials but since they had nothing to pay for them, they had to trade Balbo's fur. After a lot of difficulty putting the suit together, they present it to Santa at the children's hangout. Next morning, the elves find a big present outside. Apparently, the children had also planned their present while they were away. They open it and it turned into a hot air balloon. As they float abort, the elves return the termites to Gruzzlebeard's house, eating it down to the ground.
