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Megyn Kelly opens the show discussing the upcoming Iowa caucus and Donald Trump's significant lead in the polls despite ongoing legal battles. She highlights a civil case in New York led by Attorney General Letitia James, which is focused on allegations of business fraud against Trump. This case, unlike the criminal cases, is seen as more concerning by Trump's team, as it threatens to shut down his business operations in New York. The judge has already ruled in favor of James, stating that Trump overstated asset values when applying for loans, although no banks have complained about any harm. Dave Rubin joins the discussion, emphasizing the absurdity of the legal standards being applied to Trump, where intent to defraud does not need to be proven. He argues that the case is politically motivated and that the optics of the courtroom are beneficial for Trump, as they reinforce his narrative of being persecuted. Rubin also points out that Trump's supporters are unlikely to turn against him due to these legal challenges. Kelly and Rubin then shift to Merrick Garland's recent appearance on 60 Minutes, where he expressed his commitment to impartiality in the Trump investigations. They criticize Garland's emotional appeal and question the sincerity of his statements, particularly regarding the treatment of parents protesting at school board meetings, which he labeled as domestic terrorists. The conversation transitions to the broader implications of these legal battles on political participation, with Rubin expressing concern that such actions deter good people from entering politics. They discuss the impact of the Me Too movement on perceptions of masculinity, with Owen Strachan later joining to address the war on men in society. Strachan argues that young men are being taught to view traditional masculine traits as toxic, leading to a crisis of identity and purpose. Strachan highlights the alarming statistics surrounding male suicide rates and workforce participation, asserting that societal narratives are pushing boys away from embracing their masculinity. He calls for a cultural shift that recognizes the value of strong men and the need for positive male role models. The discussion emphasizes the importance of fathers in guiding boys and the detrimental effects of a culture that vilifies masculinity. As the show concludes, Kelly shares a personal note about the unexpected death of a friend, reflecting on the importance of cherishing loved ones and living authentically. She expresses gratitude for her audience and the support they provide.

In the final Reuben Report of 2022, Dave Rubin reflects on a rewarding year, highlighting personal milestones, including the birth of his two sons and the growth of his show. He announces a community initiative to help someone move from California to Florida, selecting a winner named Kim K, who has pets to relocate. Rubin discusses the departure of Anthony Fauci and critiques the year as one of exposing false idols in expertise and journalism. He juxtaposes Fauci's statements with a clip from Thomas Sowell, emphasizing the dangers of elitist thinking. The show features a Community Q&A, where Rubin answers questions about Christmas songs, the Twitter files, and political narratives. He expresses hope for 2023, emphasizing the importance of authenticity and community in countering divisive ideologies. Rubin also shares his excitement for upcoming projects, including a partnership with Rumble and a daily locals component for the show. He concludes by thanking his team and audience for a successful year, wishing everyone a happy holiday season.

The hosts, AJ Gentile and others, engage in a lively discussion about various topics, including time travel, UFOs, and audience interactions. AJ reflects on the return of dancing segments in the show, responding to audience requests. They discuss a recent episode featuring a time travel story that captivated AJ, and he shares his thoughts on the importance of supporting independent creators, especially during tough economic times. The chat is filled with super chats from viewers expressing their appreciation for the show, sharing personal anecdotes, and suggesting topics for future episodes. AJ addresses comments about the channel's growth and the challenges of managing a larger audience, including dealing with negative feedback. He emphasizes the importance of community and encourages viewers to support each other. As the conversation flows, AJ and the guests discuss various conspiracy theories, including the Mandela Effect, simulation theory, and the significance of time travel in popular culture. They also touch on the psychological aspects of viewer engagement and the impact of comments on creators. Throughout the stream, AJ interacts with the audience, reading super chats and responding to questions. He acknowledges the support from viewers and the significance of their contributions, both financially and through engagement. The hosts plan giveaways, encouraging participation while managing the logistics of the live stream. As the stream progresses, AJ shares personal reflections on time, aging, and the human experience, tying these themes back to the content of the show. The conversation remains light-hearted, with humor interspersed throughout, especially with Hecklefish's character adding comedic relief. In closing, AJ thanks the audience for their support, encourages them to continue engaging with the channel, and hints at future content while maintaining a sense of community and connection with viewers. The stream ends with a reminder of the next episode and a call for viewers to stay safe and kind.