Everyone on Sesame Street is preparing to celebrate New Year's Eve. However, Telly Monster quickly discovers that this means that the current year ends, which upsets him, and because he becomes afraid that he soon will enter an unknown year (mostly due to hearing false things about it from Oscar the Grouch), he starts a campaign to prevent the new year from coming to Sesame Street. In the meantime, Elmo is the host of the monster news that shows how New Year's Eve is celebrated around the world. This is done by showing segments created by the Sesame characters from different co-productions around the world.