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Craig (Ice Cube) and Day-Day (Mike Epps) are back in the old neighborhood and ready for Christmas. Although they’ve left behind the security of living with their parents, the rundown Shady Palms apartment they now share is filled with all the accoutrements and spirit of the holiday season. It’s a time for giving… until Craig wakes up in the middle of the night to discover a ghetto Santa Claus stealing their presents and anything else he can stuff into his sack, including the rent money jammed in their stereo speakers.
