Donald Trump, who lived his life like Scrooge currently is living his, comes to warn Scrooge of what is to come if he continues to live such ways, warranting him visits from "ghosts" to show him examples of what's to come. After he leaves, J. P. Morgan appears to Scrooge as the "Ghost of Rich Dudes' Past" to remind him of how classy rich folks were in the past and for Scrooge to turn his life around. Then Kanye West, the "Ghost of What's Right Now" appears to represent the modern rich man, who, although a jerk, takes notice of the people before him. Finally, the Ghost of Christmas Yet to Come arrives as a final warning, telling him that he will die with remorse if he doesn't amend himself. Scrooge repents and promises to change his ways, thanking the ghosts.
[Note:Donald Trump is in orange, Ebenezer Scrooge is in dark blue, J. P. Morgan is in light brown, Kanye West is in gray, and the Ghost of Christmas Yet to Come is in green.]
Wake up, Scrooge! I'm about to take a Dickens of a dump
On this lonely, homely little miserable grump!
I'm like the star on a Christmas tree! You're like the stump!
I'm not known for my heart, but you're still getting trumped!
You remind me of my ex-wife in a bikini 'cause you disgust me.
Keep your TB from Tiny Timmy away from me; don't even touch me!
I don't shake hands; I don't make fans!
I ruin rappers faster than Scottish lands!
Even Jay-Z knows what a pimp I am!
I got my name on the front of the business, man!
My raps will haunt you; make you think you're going insane!
You're about to get whooped by three emcees of the ethereal plane!
So when the clock strikes, prepare to enter a world of Christmas pain,
'Cause I'm out! I got my own f***ing problems, call me 2 Chainz!
How dare you disturb me when I'm napping in my chair!
You're a crappy rap-spitting apparition! I ain't scared
Of this random phantom! Haunt all you want; I don't care!
I do not believe in ghosts and I don't believe that hair!
J. P. Morgan:
Don't panic, Scrooge, but you're about to crash!
I'm J. P. Morgan, the Ghost of Rich Dudes Past,
Who's properly rocking the Monopoly mustache!
Yo, I own the railroad; I run these tracks!
You got dumped on a bench; now you're pissed at the world!
You should have made like Sebastian and kissed the girl,
Because your greed is the curse that's gonna tear you apart!
What good is your purse if you're poor in your heart?
Bah, humbug! Your raps don't unnerve me; they're atrocious!
What frightens me the most is your gross ghost proboscis!
Business and success: that's the life I've selected!
So enough with your pictures from the past! I'm not affected!
Well, you're about to be right now!
I'm the ghost of what's right now!
(Aah!) Just take a lesson from Yeezy!
You're missing the point, Ebeneezy!
There's more to life than your work; take it easy!
Even I can make time for Azizy!
Best put some friends on your wish list,
'Cause you don't know the spirit of Christmas!
If you did, then you would, at this moment, (aah!)
Be sharing your money with some of the homeless!
No! This isn't happening!
Oh, this is maddening agony! Wait! Actually,
Harkening back to the dead Donald's lecture,
I still am expecting a final specter!
The Ghost of Christmas Yet to Come:
Boo!Ahhh!You're gonna die!
No one to love you and no one to cry!
Alone by yourself on the bed of your death
With the stench of regret on your last dying breath,
'Cause you've chosen the path of a selfish man
With Tiny Tim's innocent blood on your hands!
The penance you pay for the way you behave
Is written as plain as the name on this grave!
Are these the shadows of things that will be? Or things that may be, only?
If I depart from my course, can they change? Say it is thus with what you show me!
I promise to mend my ways! A friend to all men is what I will become!
It's Christmas! I haven't missed my chance to be different! God bless us, every—
You're like a picture of my ex-wife, because you disgust me!
You got released on a bench, all pissed at the world!
Business and success, that's the path I selected,
I promise to change my ways. A friend to all men is what I will become!
This is the first time two purely fictional characters from the same work have rapped towards one another, as Scrooge and Ghost of Christmas Yet to Come are both from A Christmas Carol.
If you listen to this carefully, there is a pun at the end when the announcer says "Who won?" This finishes Scrooge's line "God bless us everyone" by putting a pun on the word "Won" to finish the word "EveryONE".
The real Donald Trump tweeted "What's with this rap stuff with me and Ebenezer Scrooge?" with a link to the battle, meaning that he noticed it. 
This is the second battle where the suggestion comes from somewhere other than YouTube. In this case, it was taken directly from this Wiki's chat. Scrawland Scribblescratch and Wachowman were the users in the picture.
This also marked the first time a suggestion was taken directly from a user on the Wiki.
This is the only time one of the associated characters is not part of the title.
This is the fourth battle where two fictional characters go against each other at some point.
This is the first one where one of the fictional characters is not a title character.
This is the first battle to be an adaptation of a famous tale.
J. P. Morgan, who represents the Ghost of Christmas Past, actually became rich after Scrooge's first appearance in A Christmas Carol.
This episode was released on the 170th anniversary of the original novel (December 19, 1843).
This is the second battle to censor the "f-word".
It was censored as a reference to Trump's show, The Apprentice's censorship.
This is the third battle if you count the first version of John Lennon vs Bill O'Reilly, which was censored, and released on September 22, 2010.