edit has the "Rankin/Bass present" subtitle at  the beginning, and an alternate end credits sequence with the elves putting  their gifts under flying umbrellas to take them to their destinations (as the  techincal credits are superimposed on the screen), while omitting the  instrumental bridge to "We Are Santas Elves" and the "Peppermint Mine" &  "Thats my buc" dialogue sequences, and finally replacing the "...Misfits"  reprise with the song "Fame And Fortune" (which appears on the current DVD  release as a separate supplement). The Island Of Misfit Toys ending was later  incorporated into the 1998 restored version, which (as of 12/02) continues to  air annually on CBS.