It's winter at the Swan Academy, and that means panto! While Olivia practises being the back end of a horse, everyone else is auditioning for a major new movie. Soon the school is full of rivalry and suspicion, nasty tricks and strange mysteries. To lighten the mood, Eel organises a festive ice-skating trip. But as the skaters twirl and leap among the twinkling lights, Olivia realises that the season of goodwill is anything but.