The best way to fix a strand of Christmas lights is to first locate the issue and identify whether it's a bulb, a fuse, or a wire that needs to be repaired or replaced. If it's a bulb, then simply replace it with the same type and wattage of bulb. If it's a fuse, then you'll need to locate the fuse box and replace the fuse. If it's a wire, then you may need to re-wire the light strand to make sure the connections are secure and properly insulated.