Watch Rudolph the Red-Nosed Reindeer & the Island of Misfit Toys for Free: How to Stream the Movie Online at 123Movies. . When the mysterious Toy Taker grabs all of Santa's toys, it looks like the children will miss out on Christmas. But everyone's favorite reindeer, Rudolph, comes to the rescue with his lovable friends: Hermey the elf, Yukon Cornelius the grizzly prospector, the abominable snow monster Bumbles and Rudolph's very special friend Clarice. Together, they promise Santa they'll track down Toy Taker and rescue Santa's toy. Their incredible quest takes them on a wild adventure with Rudolph's red nose leading the way!