Two stars narrate this episode, like it's a wonderful life. Kelly, Dylan and Brenda are at each others throats over finding out that Dylan made out with both of them. Andrea's boyfriend breaks up with her through a letter. Nikki decides to move back home, breaking up with Brandon. Brandon and Andrea end up spending an evening watching "It's a wonderful life" and end up kissing, but get mad at each other for thinking of their exes. Steve is in detention and not allowed in extracurricular activities and throughout all of this Donna is putting together a charity thing for kids at a grade school for christmas and no one wants to be santa. At the last minute, as everyone is fighting, they back out of the charity event and Donna gets Mrs. Teasly to make everyone go. On their way, we find out from the two narrating stars that a garbage truck is going to collide with the kids school bus, but fate intervenes and everyone is saved. Steve acts as Santa and the kids are happy.
A little cliche.