It's always tough having a sibling doing better in their life than you, always a struggle to get out from under that shadow and not let bitterness keep you away from your family. So, imagine that your older brother is Santa and then imagine how tough that must be. That's the premise here.
Vince Vaughn plays the titular Fred, an embittered loser who spends a lot of his energy making sure that people don't go around expecting good things to happen to them or giving his brother, Santa (played by Paul Giamatti), too much praise for simply being the limelight-hogging, fame-hungry, slightly creepy guy that Fred would want to portray him as. Then, wouldn't you know it, Fred needs a financial favour and so has to make up for it by helping his brother on the run up to Christmas. And hilarity and life lessons ensue.
Well, that's what should happen. The reality is that we get a Christmas movie featuring a few good moments of Vaughn's patented fast-talking, a ridiculously out-of-nowhere music video moment, Kevin Spacey playing an auditor out to close down Santa's operation (and he's one of the weakest baddies I have seen in some time), not enough of the gorgeous Elizabeth Banks in a lush Christmas outfit, too much of John Michael Higgins in his elf outfit (to be fair, he's a highlight though) and a movie that's too swimming in bitterness to feel like good seasonal fare yet too schmaltzy in it's latter half to feel like a fun poke at all the bad things about the commercialism of the time.
Rachel Weisz is along for the ride too, as is Kathy Bates, but it's really nothing more than a movie for Vaughn and if you like his style you will find something to enjoy here. Unfortunately, there's very little else to recommend this seasonal stinker. Outside of Vaughn's rantings the script barely throws up anything decent with the exception of one particularly good scene involving a hilarious support group dealing with a very specific problem.
David Dobkin's direction is as mediocre and staid as the 20p Christmas card that you send the auntie you haven't seen in 10 years and he seems to think that simply putting the ingredients together without a good mix or decent care taken will guarantee a delicious Christmas pudding. Nope, we get a burnt, bland lump with too much sugar on top. Forget this and stick the hilarious Elf on again if you want a great, modern Christmas comedy.
See this if you like: The Santa Clause 2, Santa Baby, The Santa Clause 3: The Escape Clause.