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From the liner notes

It’s the night before Christmas Eve, and oddball inventor Robert Toulon (Feldman) has discovered his great granduncle’s formula for reanimating the master’s lethal puppets: Six-Shooter, Jester, Blade and Pinhead. Meanwhile, diabolical industrialist Erica Sharpe (Angel) is finalizing her satanic plan for unleashing her father’s foul-mouthed, blood-guzzling toys upon the world’s underprivileged children. But even if Toulon can give the puppets a deadly cyber makeover and stop the blood sacrifice of his daughter, can he still prevent the coming Christmas carnage? Playtime is over: Get ready for the final battle between the ultimate titans of toy terror!