Tale about schoolchildren who are preparing for the New Year and lisping goblin who can't pronounce words of children's holiday song.

It is the New Year's Eve and the employees of an Economics Institute are ready with their annual New Year's entertainment program. It includes a lot of dancing and singing, jazz band performance and even magic tricks. Suddenly, an announcement is made that a new director has been elected and that he is arriving shortly. Comrade Ogurtsov arrives in time to review and disapprove of the scheduled entertainment. To him, holiday fun has a different meaning. He imagines speakers reading annual reports to show the Institute's progress over the year, and, perhaps, a bit of serious music, something from the Classics, played by the Veterans' Orchestra. Obviously, no one wants to change the program a few hours before the show, much less to replace it with something so boring! Now everyone has to team up in order to prevent Ogurtsov from getting to the stage. As some of them trap Ogurtsov one way or another, others perform their scheduled pieces and celebrate New Year's Eve.

The fire department is preparing for the New Year. Three activists of amateur performances decide to kidnap professional artists for a New Year's concert. A police captain investigates the kidnapping and listens to complaints from the “unkidnapped” artists.

In the first hour of the new year 1965, a holiday program with the participation of Pavel Rudakov and Sergei Lavrov, Larisa Mondrus, Tatiana Shmyga, Leonid Engibarov, Arkady Raikin, brothers Sazonov, Iosif Kobzon, Maya Kristalinskaya, Muslim Magomaev, vocal octet "Line" and pop orchestra conducted by Eddie Rosner, Yulia Pashkovskaya, Vladimir Shubarin, Eduard Khil, quartet "Accord" was broadcast. Among the guests are cosmonauts Gagarin, Belyaev and Leonov.