Christmas News is the story of Rico Cafone, a fictional outlaw hero of the 30s-40s, a charming Italian-American with ginger-colored hair who is flirtatious with the ladies of high society at ballroom parties and snatches their jewels. One who steals from the rich to give to poor children. Convinced that their material wealth is replaceable, the rich ballroom guests turn a blind eye to these happenings.