Produced by Peter Billingsley and Vince Vaughn along with Legendary's Cale Boyter and Jay Ashenfelter, Marc Toberoff and Irwin Zwilling, it is a sequel to the 1983 film A Christmas Story.

Additionally Erinn Hayes, River Drosche, and Julianna Layne play Ralphie's wife and kids, with Julie Hagerty acting in the role of Mrs. Parker.

In December 1973, 33 years after A Christmas Story, 42-year-old Ralph "Ralphie" Parker lives in Chicago with his wife, Sandy, and two children, Mark and Julie.

Mrs. Parker calls to tell Ralph that his father, "the Old Man", has died, and the grief-stricken family makes its way to Hohman, Indiana to be with her.

She gives Ralph two tasks: write his father's obituary, and take up his mantle of making Christmas special for the family.

As Christmas Eve approaches, the family goes to Higbee's, where Ralph miraculously buys everything Mark and Julie asked for while the children speak to the store's Santa.

Mrs. Parker goes into the basement to change a fuse and finds several thoughtfully-picked, pre-wrapped gifts, which the Old Man had bought shortly before his death.

Ralph is confused by compliments he receives about his piece in the newspaper, and Sandy reveals she found the obituary manuscript and took it to the local paper because of its high quality.

[6] Shortly after its official announcement of the film, Billingsley was cast to reprise his role as Ralphie Parker, and hired as a producer alongside Vince Vaughn.

[3] Julie Hagerty had been cast as Mrs. Parker, replacing Melinda Dillon, who had played the role and died shortly after the film's release, giving Billingsley her support for the project.