Frank and all his other penguin pals have raided Santa's sleigh. (These penguins are pretty dumb and mistook the shiny, colorfully wrapped toys for big cans of tuna.) It’s up to Oliver the Elf, to find those gifts and return them back to the Kringle Toy Factory so Santa can make his deliveries.
The objective is to navigate Oliver the Elf through the city of Kringleville and locate Frank and his penguin gang carrying the stolen loot.