Stranger Things Season 5 is in the middle of a three-part release schedule tied to major holidays: Volume 1 premiered the day before Thanksgiving, and Volume 2 drops three more episodes on Christmas Day. A new trailer reveals their next move, and this plan looks even wilder than the last. But this trailer promises more than just Stranger Things’ typical harebrained schemes: it also teases some major answers. This next volume will take the story to the precipice of the final showdown, so expect some major reveals, huge twists, and full-circle moments. Stranger Things Season 5 Volume 2 premieres December 25, 2025, on Netflix.