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Ed and Eddy know they're not supposed to go into Edd's parents room. Even Edd himself isn't allowed, although of course, that doesn't stop them from doing so just to enjoy having some fun with Edd. The thing with parents' rooms, of course, is that you never know just what treasures might be lurking in the closet, waiting to be discovered, and in this case, it turns out to be an antique Christmas fruitcake and a box of Christmas decorations.
Despite Double D & Eddy's rational explanation that it is in fact July, and not December, Ed goes into Christmas overdrive, brandishing mistletoe and spreading festive cheer to a bemused audience. Luckily for him, Eddy is distracted by the revelation that its Piggy Bank Day - all the kids in the cul-de-sac will be smashing open their piggies and for a small fee Eddy will do this for them with Edd's help. But when faced with the trusting innocence of the wide-eyed kids after Ed exposes the scam, Double D breaks down and succumbs to Ed's Christmas spirit, and its not long before all the other kids are under his spell too, especially once Rolf gets in the spirit himself with giving gifts to the kids. Eddy is beside himself until he twigs that not only do the kids feel good, but they feel generous too, which is Eddy's cue to cash in on the moment by having the Eds be door-to-door carolers to convince the kids into coughing up their money. It's all going gloriously until Ed takes the spirit of giving just too far for Eddy's liking. That being giving away all the jawbreakers he got for the Eds to the kids as gifts.
- Some interesting things inside Edd's parents' closet are a box marked "Umbrellas 1959-1999", a box labeled "Edd's Baby Clothes", and also a box labeled "Friday".
The episode was made available on home video for the first time on the Cartoon Network Christmas: Yuletide Follies DVD in 2004. It was later featured on the Ed, Edd n Eddy: The Complete 2nd Season DVD set, released in 2007.