"An American Carol" is a satirical comedy that parodies the classic Charles Dickens tale, "A Christmas Carol." The film follows the story of a cynical documentary filmmaker named Michael Malone, who is a staunch critic of American values and patriotism. Malone, played by Kevin Farley, embarks on a mission to abolish the Fourth of July and promote his anti-American agenda.

However, his plans take an unexpected turn when he is visited by three spirits—representing the ghosts of American ideals—who guide him through a series of comedic and eye-opening encounters. These spirits, embodying the essence of freedom, courage, and the American spirit, challenge Malone's beliefs and force him to confront the consequences of his actions.

As he navigates through these surreal experiences, Malone begins to rediscover the importance of love for his country and the values that define it. The film blends humor with a patriotic message, ultimately leading to a heartwarming conclusion that emphasizes the significance of embracing one's heritage and the true meaning of freedom.