It was released in 2009 to celebrate SpongeBob's 10th anniversary.
It is Christmas time in Squidward's house and he has Christmas gifts. SpongeBob and Gary are also in Squidward's house and are trying to sneak over to grab his presents. SpongeBob and Gary start at the left side of the room while the gift present and Squidward standing are on the right side. You play as SpongeBob and he has to try to grab the present behind Squidward without being caught. Gary moves automatically. To make SpongeBob move forward, just hold down the mouse. To make SpongeBob stop moving, let go of the mouse. When Squidward looks back, SpongeBob must immediately stop moving. If SpongeBob gets the present, you earn a point and the game goes back to where you started. The game ends if you let Gary get the present instead of SpongeBob or Squidward catches you moving.
Another way of knowing when to stop and go is by look at the lights in the room. When the lights are green, you can move. When the lights are yellow, you have to slow down and stop. The lights are red when it's game over.