I remember liking this movie as a child, so I must believe that it is still a good children's movie. However, this is definitely a "B" list movie from Rankin-Bass, and doesn't have the charm, music, or cohesion of their "A" list movies--"Rudolph the Red Nosed Reindeer," "The Year Without a Santa Claus," and "Santa Claus is Coming to Town." Adults will be disappointed with this movie, because it seems stilted and thrown together. Rudolph is asked by Father Time to find Happy, the baby new year, who has run away because people laughed at his ears. Happy is probably hiding in the archipelago of last years, which is a great premise that is barely developed. The characters Rudolph meets are undeveloped and sometimes flat-out strange. At the end, Rudolph laughs at Happy's ears as well, saying they make him feel happy, but it's a difficult conclusion to follow. Wouldn't there be a better lesson for children if a true friend DIDN'T laugh at his ears? I did enjoy this when I was younger, so it may still be a good children's movie, but adults can probably find better things to do with an hour.