At lunch, Cory notices that Shawn brought a packed lunch to school, instead of their usual fish sticks day in the cafeteria. Minkus then shows up at their table, telling Cory and Shawn that each person in the class should contribute $5 dollars for Mr. Feeny's gift from the class. However, Shawn says that he has spent his money. Soon, Cory and Topanga get into a heated debate on the true spirit of the holidays. Cory and Shawn start bragging to each other about what they are getting for Christmas and after finding out that the got an NBA basketball, decides to tell Shawn to see what he got. However, Alan tells him that Shawn won't be getting a lot for the holidays this year since his father has been laid off work. Feeling sad, Cory decides to give his basketball to Shawn as a present. However, Shawn finds out that Cory is aware of his family's financial situation, gets upset, and refuses to be his charity case. After eavesdropping on their conversation, Mr. Feeny provides Cory with neighborly advice that the friendship shouldn't be amounted on the gifts that you give nor should you give it to make yourself feel good, but out of the generosity and purity of your heart. The next day, Minkus tells Shawn that Cory had paid his part of the gift for Feeny. Minkus presents Feeny his gift, and Cory and Shawn apologize to each other, both learning the true meaning of Christmas, as well as friendship. Meanwhile, Morgan feels like she killed Santa Claus after an incident in the mall injured Santa. Amy, Alan, and Eric attempt to console her, but she locks herself in the restroom. In the post-credits, Mr. Feeny, who is disguised as Santa Claus, comes into the household to help calm Morgan. However, she figures out that it is Feeny and while in shock, the camera clicks and the Matthews take their annual family picture.
The episode was made available on the Boy Meets World: The Complete First Season DVD set, originally released by Buena Vista Home Entertainment on August 24, 2004. After Disney licensed the show's video rights to Lionsgate, the DVD set was re-released on September 7, 2010.
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