This is a musical version of Charles Dickens' "A Christmas Carol". Ebenezer Scrooge is given a chance to reform and save his soul. He is visited by 4 ghosts and is shown visions of his past life and the consequences of his life on others.
Johann Strauss, Jr., a would-be composer of waltzes in mid-19th Century Vienna, attempts to thwart his father's efforts to prevent his success when the older man becomes jealous of his melodic skill.
This Tv staging is closer to the original 1910 operetta than the famous 1935 film was: An American comes to New Orleans to get the help of a governor in catching a pirate, though the pirate in question is actually the governor himself.