“No man is a failure who has friends,” is to film what “God bless us everyone” is to literature. Frank Capra’s 1946 film ‘It’s a Wonderful Life’ is as close to an American retelling of ‘A Christmas Carol’ as anyone has ever gotten.

Though the film has been a Christmas classic for nearly 80 years, the stage version has become its own tradition for many theatergoers during the holiday season. It’s likely you can find a production of the stage version in practically any town in the country during December, right next to ‘The Nutcracker.’ For those unfamiliar, the stage version is traditionally performed as a “live radio broadcast.” Meaning, the actors play voice actors performing a “live” production of a radio play, including old-timey sound effects.

American Blues Theater has been bringing this tradition to Chicago for 23 years! They’ve turned their new permanent home on Lincoln Ave into a quaint, 1940s era radio studio for the month. Audiences get a glimpse into the past and in addition to learning the true meaning of Christmas, they’ll see how radio dramas were produced. 

An all-around great cast led by Brandon Dahlquist and Audrey Billings brings the story of suicidal, down-on-his-luck George Bailey to life in a quick, charming 90-minute production. The cast will certainly help you get into the spirit with a few rounds of Christmas carols before the show gets going.

What really works about this interpretation of ‘It’s a Wonderful Life’ is that it gets right to the point. Parts of Capra’s black and white film feel a bit drawn out, and that can distract from the heartbreaking and bittersweet moments in the script. Here, emotion is mined in a more immediate way. However, for those who have not seen the film, this version is pretty easy to follow.

Whether you’ve seen ‘It’s a Wonderful Life’ once, or 22 times, each year American Blues Theater makes it feel new. Year to year faces change and little embellishments are added, so that it always feels fresh for a new generation.

Through December 22 at American Blues Theater. 5627 N Lincoln Ave. (773) 654-3103.