y in order to prevent rich skinflint Mr. Potter from taking over the entire town. All that prevents him from doing so is George's modest building and loan company, which was founded by his generous father. But on Christmas Eve, George's Uncle Billy loses the business's $8,000 while intending to deposit it in the bank. Potter finds the misplaced money and hides it from Billy. When the bank examiner discovers the shortage later that night, George realizes that he will be held responsible and sent to jail and the company will collapse, finally allowing Potter to take over the town. Thinking of his wife, their young children, and others he loves will be better off with him dead, he contemplates suicide. But the prayers of his loved ones result in a gentle angel named Clarence coming to earth to help George, with the promise of earning his wings. He shows George what things would have been like if he had never been born. In a nightmarish vision in which the Potter-controlled town is sunk in sex and sin, those George loves are either dead, ruined, or miserable. He realizes that he has touched many people in a positive way and that his life has truly been a wonderful one.

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found the partner he needs to pull it off. His plan is relatively simple. Two strangers each agree to kill someone the other person wants disposed of. For example, Guy could kill his father and he could get rid of Guy's wife Miriam, freeing him to marry Anne Morton, the beautiful daughter of a U.S. Senator. Guy dismisses it all out of hand but but Bruno goes ahead with his half of the 'bargain' and disposes of Miriam. When Guy balks, Bruno makes it quite clear that he will plant evidence to implicate Guy in her murder if he doesn't get rid of his father. Guy had also made some unfortunate statements about Miriam after she had refused him a divorce. It all leads the police to believe Guy is responsible for the murder, forcing him to deal with Bruno's mad ravings.

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