No, it's a Jesus joke. The setup makes you think it's about Jesus, the punchline takes you to Santa. He's comparing Santa, a jolly elf, to Jesus, the savior and lord.
31 posted on 12/02/2005 8:52:05 AM PST by GraniteStateConservative
(...He had committed no crime against America so I did not bring him here...-- Worst.President.Ever.)