Superman has to thwart wartime saboteurs tampering with things at the Metropolis Munitions Plant...who have captured Lois Lane and loaded her into a torpedo!
After The Daily Planet receives a letter from a mad scientist threatening to wreak destruction with his Electrothanasia Ray, Lois Lane heads out in the hopes of getting more information for a news story.
Gulliver washes ashore on Lilliput and attempts to prevent war between that tiny kingdom and its equally-miniscule rival, Blefiscu, as well as smooth the way for the romance between the Princess and Prince of the opposing lands. In this he is alternately aided and hampered by the Lilliputian town crier and general fussbudget, Gabby. A life-threatening situation develops when the bumbling trio of Blefiscu spies, Sneak, Snoop, and Snitch, manage to steal Gulliver's pistol.
At an orphanage, the children are sad because they received used defective toys as gifts. Professor Grampy sees the children while passing by in his sled and has an idea on how to give them a merry Christmas.