Ethan, Isaac, and Chris are childhood friends who have made it a tradition to reunite every Christmas Eve for a night of debauchery and fun. This year, however, marks the last time they will uphold their annual tradition as they are transitioning into adulthood, with responsibilities and commitments becoming more pressing. Isaac is expecting his first child, Chris is gaining fame as an athlete, and Ethan is still struggling to find his path in life. To make the final outing unforgettable, they aim to attend the Nutcracka Ball, one of the most elusive and exclusive Christmas parties in New York City.

Throughout the night, the trio embarks on a wild journey filled with comedic escapades, unexpected encounters, and heartfelt moments. They navigate various obstacles in their quest for the tickets to the Nutcracka Ball, rekindling old friendships and confronting personal insecurities along the way. Their adventures include bizarre experiences with stolen valuables, drug induced mishaps, and run-ins with peculiar characters who add to the chaotic hilarity of the evening. As their final Christmas Eve together unfolds, they must face the realities of growing up while cherishing the bond that has kept their friendship alive for so long.