After the festival of banality that was the last Cheesy Christmas Movie, here's a bit of a palate-cleanser. Santa's Magic Toy Bag is a cute little TV special from 1983. The characters all appear to be Muppets, but not connected with Jim Henson. (What would you call those? Pseudo-muppets? Muppetoids?) There seems to be some connection with the TV series ALF.
The protagonist is a good-hearted bumbling elf called Sherman, who has managed to make a shambles of every department at the North Pole. He expects to be sacked, but instead is trusted with Santa's titular bag. Hilarity ensues.
It's cute. It's lightweight. It's a pleasant half-hour. Drop the whole adulthood thing for a bit and get childish.