Big Meat and Joe Baby are in a restaurant with Snow Man, who is polishing off the equivalent of four heavy breakfasts. Snow Man asks for ten thousand dollars to do as the two asked - 'drop a Bishop'. The two hand over the money and leave. Snow Man looks down at his paper, reading about the US's entanglement with a volatile African power. Turning to the letter to the editor, he reads one of the many complaints about the exclusive rights to Santa Claus being handed down to one corporation, Zumwalt's North Pole Development Corporation. Zumwalt is building a giant North Pole emporium. He showed the plans to Congressman Kroske, who's relieved at the prospect of billions in revenue from the project to offset the country's failing economy.

Nance Saturday's generation believed in Santa Claus until their advanced adult year and were distraught when they discovered the truth. Nance visits a 'yellow woman' to ask for help uncovering information about Boy Bishop and the Nicolaite Society for his employer. He shows her a picture of Snow Man, who owes his employer money, but she says she's never seen him even though she's been around members of the Society. He explained that Snow Man was in a fight with Black Peter, a Society member who believed that Nicholas was his servant and thus the Nicholas icon should be replaced by Haile Selassie, emperor of Ethiopia. Nance recounts the incidents between Black Peter and Boy Bishop's allies before leaving.

At a Society dinner, Black Peter replaces the painting of Saint Nicholas with one of his own depicting Haile Selassie. He stands upon a chair and explains his reasoning: Nicholas flies and Selassie flew, Nicholas and Selassie are both island patrons, Nicholas protested the Vatican upon his removal from sainthood and Selassie protested to the League of Nations upon the invasion of Ethiopia. The two are, Black Peter asserts, one and the same.