Ebenezer Scarlet, reclusive miser, has nothing but contempt for Christmas and his fellow human being. He cares for no one and no one cares for him except, perhaps, his niece, Elise. Never having married, he rattles around alone, friendless, in his big, Riverside Drive mansion.

One night, after firing his long-time housekeeper because she dared to ask for a raise, he goes to bed, only to be awakened by his old dead friend, Sherman Tindall, who tells him he will be visited by three spirits and he’d better do what they say or things could get unpleasant.

Ebenezer is awakened later by a bizarre waif; a Twiggy look-alike from the '60s. She binds him, using and humiliating him. Her orgasms force him to remember his past and how he became the miserable person he is today. The second spirit picks up where the first left off. An elegant French woman, dressed in red latex, she brings him many gifts, some for external wear and others—not. She takes him on a journey to witness the lives of people close to him, demanding his attention when he waivers or disappoints her. The spirits are not gentle with him and he is worn out by the time the third spirit visits him. She is faceless, frightening and unknowable, dressed in black rubber. She punishes him mercilessly and directs her leather minions to use him roughly, all the while forcing upon him visions of what will be.

He awakens Christmas Eve morning, a new man. Still bound and sporting the bruises gifted to him by the spirits. Can the future be changed? Can he become the man he was meant to be?