A family of giants are enjoying a Christmas feast with an enormous Christmas Yule Log as the centerpiece! However, when the princess drops a crumb, she worries about wasting it, but Mom reassures her "it is only a crumb". But, that crumb rolls out of the castle and ends up in Pip and his mom's sparse cottage -- it is a Christmas gift! They dig in, but when Pip drops a crumb, that crumb rolls into a mouse hole where it will help them survive the winter. Yet again, a crumb breaks off and this time rolls on to feed a whole army of ants, eventually ending up being eaten by a flea.