* Buddy making an incredible Christmas display at Gimbel's. It was so complicated for the filmmakers to assemble that they could only film one take of the MallSanta destroying it.
* The snowball fight.
* Buddy's elf dancing in the mailroom. Doubly awesome since it won over everyone working there.
* Christmas cheer saving the day, and it is Walter's singing that helps Santa's sleigh fly, punctuated by the awesome shot of the sleigh flying over his head at he hits that last note.
** It's small, but Michael's ''dead serious'' utterance of "Dad...!" when he scolds his father for not actually singing.
* Walter and his son making a stand to Greenway, who is threatening to fire the former if he walks out of the meeting room to find Buddy:
--> '''Walter:''' Well...up yours.
--> '''Michael:''' Yeah, up yours!
** [[CrowningMomentOfFunny And then]] [[HypocriticalHumor Walter scolds him for cursing]].