A traveler stays the night at a rural inn, but gets no rest as he is tormented by various spectres and mysterious happenings. The food on the table prepares itself, his clothes leave the room on their own and the room seems to tumble end over end. Several hooded figures dance around his bed, and a demon finally tears away one wall and seizes him.

Because the Baron of Chanterelle wants to preserve his family line, he forces his timid nephew Lancelot to choose one of the village maidens to wed. Lancelot flees to a monastery to escape the forty eager maidens. When the gluttonous monks discover that the Baron is offering a large sum for the marriage, they suggest Lancelot marry a mechanical doll instead. The doll maker has just finished making a replica of his daughter Ossi, but his assistant accidentally breaks it and convinces the real girl to mimic the doll. Lancelot buys her, thinking she is a doll, and takes her back to the monastery, where they are wed.

Lorenz Lubota is a city clerk with no direction in life. One day on his way to work he is run over by a woman driving a chariot and he is immediately infatuated with her. His life begins to spiral out of control as he searches for this girl and tries to win her heart.

Ojo and Unc Nunkie are out of food, so they decide to journey to the Emerald City where they will never starve. Along the way, they meet Mewel, a waif and stray (mule) who leads them to Dr. Pipt, who has been stirring the powder of life for nine years. Ojo adds plenty of brains to Margolotte's Patchwork servant before she is brought to life with the powder. When Scraps does come to life, she accidentally knocks the liquid of petrifaction upon Unc Nunkie, Margolotte, and Danx (daughter Jesseva's boyfriend). So all go on separate journeys to find the ingredients to the antidote. (Of course Jesseva has Danx shrunken to take with her, which causes trouble with Jinjur.) Of course, no one ever told Ojo that some of the ingredients were illegal to obtain...

In a strange grotto deep in the bowels of the earth a coffin uprights itself, dances, then opens, and out steps a demonic magician with skeletal face, horns, and cape. He wraps two women (who appear to be in a trance) in fabric, levitates them, and causes them to burst into flames and disappear. As he gathers their ashes in a pitcher a Good Spirit [a young woman who resembles Peter Pan] appears, shakes her head No, and reveals the "souls" of the two women in a secret compartment deeper within the cave. The Good Spirit vanishes in a puff of smoke. The magician then produces 3 glass bottles on pillars, takes them downstage close to the camera, and reveals 3 tiny women in them; one woman beats a tambourine while the other two sway. The magician pours ashes (?) into the bottles, but the Good Spirit reappears and makes these trapped figures disappear in a flash, angering the magician...

The opening scene, a dream sequence prior to the vaudeville routines which follow, is what makes this film famous. In it Keaton plays everyone in a theatre simultaneously (through multiple exposures). He is the band leader, all its members, the dancers on the stage and everyone in the audience.

Based on the story by Charles Dickens: The day before the Christmas holiday, Ebenezer Scrooge refuses to contribute to the Charity Relief Committee, and then rudely rejects his nephew when he visits Scrooge in his office. When Scrooge returns home, he sees the ghost of his former business partner Marley, who warns him of the punishment he will suffer in the next life if he does not change his ways. That night, Scrooge is visited by three more spirits, who show him his past, the present, and the future that awaits him.

An astronomer of age, wealth, and erudition conducts classes in his home. His students are not always respectful, and he suffers their pranks and high jinks. Then, at noon, everything darkens and the astronomer hurries upstairs to his telescope. It is an eclipse of the sun, and through his glass, he sees a female moon coming toward a masculine sun, flirting as they move closer to what becomes a consummation. The heavens erupt with showers of stars that become women. In his excitement, the astronomer loses what little dignity he has left.