The story revolves around a little animated squirrel who, with lots of charm, accidentally helps two poor, down-but-NOT-out families overcome their obstacles.
In 2003, 20th Century Fox and Legend Films revived the (now) public domain film with a colorized special edition of the film, under the title A Christmas Wish. For that release, Terry Moore provided an audio commentary track.
George Pal's stop-motion animation used in creating the illusion of a dancing squirrel (Rupert) was so realistic that he received many inquiries as to where he located a trained squirrel.
The original story, written by Ted Allan, has also been published as a children's book under the title "Willie the Squowse".