It’s Christmas Eve Eve, and what better way to celebrate than with a Lucille Ball holiday classic! “I Love Lucy” has been off the air for over 50 years, but CBS is bringing the series to the small screen for a special one-hour event tonight – the “I Love Lucy” Christmas special.

The fun begins on CBS at 8 p.m. EST with two back-to-back episodes that aired during the 1950s.  First up is the “I Love Lucy Christmas Show,” which debuted in December 1956. In the episode, Ricky (Desi Arnaz) and Lucy (Ball) put their son Little Ricky to bed before inviting Ethel (Vivian Vance) and Frank (William Frawley) over to set up the Christmas tree and reminisce about Little Ricky’s birth. The next morning the four of them are all dressed as Santa – that is until another Santa walks in. The fifth Santa is none other than Frank, which means that the real Santa was standing with Lucy, Ricky and Ethel the whole time.

I Love Lucy The classic "Vitameatavegamin" episode from "I Love Lucy" will air in color Wednesday at 8 p.m. EST on CBS. Photo: CBS

The second episode airing as part of the holiday special is the popular “Lucy Does a TV Commercial” – or as some better know it, “Vitameatavegamin.” The “I Love Lucy” classic originally aired on May 5, 1952 and followed Lucy as she went against Ricky’s wishes and snuck her way onto a commercial set for a tonic called “Vitameatavegamin.” Unfortunately what no one realized is that the tonic contained 23% alcohol – and Lucy quickly became drunk after a couple of takes.

This is the third year that CBS is airing an “I Love Lucy” Christmas special. According to CBS News, the two episodes will be aired “seamlessly without interruption in between.” The special will also be in color, a first for the "Lucy Does A TV Commercial" episode.

The “I Love Lucy” Christmas Special will air Wednesday, Dec. 23 on CBS at 8 p.m. EST. It will also be available to stream live on Will you be tuning in? Tweet @AmandaTVScoop.