It’s December 26, and Santa has changed out of his trademark red suit into swim trunks as he and Mrs. Claus celebrate another year of hard work with a little R&R far away from the snowy North Pole. As he debates whether to snorkel or sunbathe, Santa receives some sobering news: The workshop quality control team has learned this year’s popular giant teddy bear is ripping apart at the seams in homes all over the world.
All of a sudden, “Jingle Bells” blares and Santa shoots out of bed. He realizes the teddy bear catastrophe was just a bad dream. But his sense of unease lingers, prompting him to wonder how he might be able to insure his risk in the event his nightmare were to come true.