OK.
So, many types of humanoid greater undead are signified by red glowing eyes. Because Rudolph is depicted as having one of his primary sensory organs, the nose, be red and glowing with an unnatural light, the Rudolph story is clearly an allegory about how undead and extraplanar creatures are oppressed by modern adventuring society.
The narrator, being a snowman, is obviously an elemental from the Plane of Water. He describes how Rudolph the Deer-Lich is shunned by the living and forced to flee. However, he is later accepted by the society that cast him out when he joins forces with the living to defeat another powerful Ice Elemental, the Bumble.
This is essentially the tragic story of how an outcast individual becomes part of the in-group by becoming complicit in the oppression of a distinct out-group from his own. Rather than using his newfound influence in the living community of Fortannis to improve conditions for his extraplanar brethren, he instead chooses to elevate the status of undead by helping the living to destroy the Ice Elemental's way of life (in order to make him acceptable to the living, Rudolph allows the Bumble to have his teeth, his primary means of self-defense and of gathering food, removed by the evil dentist character). We can only assume that after the film ends, the Elemental slowly starves to death in his cave.
The narrator then goes on to show the indoctrination of the Deer-Lich, who presumably is forced to get Reverse Life Force cast on him so that he doesn't need to be healed with Chaos. It is important to note that the narrator does not interact with the other characters in the story, instead being obligated to take the role of a passive observer in order to avoid sharing the fate of his fellow Ice Elemental, the Bumble.
Yukon Cornelius the war profiteer represents the role of adventurers, who stumble into complex political situations and lend their military assistance to the highest bidder without too closely examining the societal and ethical implications of their actions.
Edit: Oh right, stats. Stats are... Um, campaign-specific.
