A rash of thefts breaks out in the camp. Missing pieces include Frank's silver picture frame, Margaret's hair brush, and Trapper's watch. The camp is searched and everything is found in Hawkeye's locker. Everyone thinks he did it. Hawkeye manages to announce to the camp that the items will be dusted for prints to identify the real thief, and catches Ho-Jon. He needed money to bring his family from the North, and to bribe border guards.

Hawkeye writes home, describing Christmas in Korea: Radar ships a jeep home, a piece at a time; Henry gives the monthly lecture on sex, with the aid of figure A and figure B; Trapper helps deliver a calf; Klinger and Frank get into a fight, but Father Mulcahy smoothes things over; Hawkeye and Trapper sabotage Margaret's tent; Hawkeye flies to the front line dressed as Santa, to help a wounded soldier.

General Clayton calls to say that a ceasefire is to be declared. The camp celebrates, Klinger gives away his dresses and locals start to take pieces of the camp. But Trapper does not believe it. Hawkeye claims he is married to avoid promises he made to several nurses. The party to celebrate the cease-fire, which never really took place, is interrupted by incoming wounded.