 The host for the episode is David Carradine, and the musical guests are the cast from The Pirates of Penzance. The skits for this episode are as follows: Joe Piscopo tries out his voice to become the next SNL announcer, but Don Pardo quickly quashes his hopes. David Carradine wants to sing "I Wanna Be a Dancin  Man" for his opening monologue, but Charles Rocket steps in and stops him at the last moment. A gun shop invites customers to come by for their last-minute Christmas shopping. Caine, the traveling kung-fu master, gets some fashion advice from the owner of a menswear shop. Valley girls Vickie and Debbie go down to the mall to try and impress some boys. For the Rocket Report, Charles does a story about a derelict Santa wandering the streets of New York. Bob Dylan goes to visit Woody Guthrie in the hospital, where the two converse only in folk-song lyrics. An NBC executive stages a worldwide search for a virgin. David extols the virtues of Dopenhagen smokeless marijuana. Mr. Bill reflects on some of his more painful holiday memories. Caine teams up with Bruce Lee for a holiday special. Linda Rondstadt and the cast of Pirates of Penzance perform a medley of songs from the musical, as well as a medley of holiday songs.