A number of business people, keeping the Christmas Eve office party going longer than was originally intended, are beset by a fire that starts in the basement of their office building and creeps up at them from floor to floor.

Master burglar Max Hopper is released early after three years and soon gets an exceptional job: stealing an advanced computer-chip from the IQ Industries headquarters. His first attempt fails; when he enters in cop uniform during an emergency board meeting, a fire quickly spreads- he considers it a godsend opportunity and stays, but soon has his hands too full saving other lives and just surviving to concentrate on the chip; only the owner, his wife who just filed for divorce and a few employees remain, but it soon turns out one of them stole company secrets but the arsonist and/or another chip-thieves are among them.