Pinocchio, the living marionette, is having his very first Christmas and he's finding he's still got a lot to learn about the season as well as being a good boy. To get some money to buy a Christmas present for Papa Geppetto, Pinocchio sells the book his father gave him but then gets sidetracked on his way home. Between the sly fox trying to lead him astray and the beautiful marionette, Julietta, that he saves from the Puppetmaster, he's going to have a hard time getting home in time for Christmas.