You could make santa drop much much better eq, but versions with timers.

Example: you get a torsomaker from the present, but it has 1week of RL time to
live. Or str/ecrits sothplate drops with a lifetime of 2 weeks etc. The point
is to get fun items that you can use for awhile, but as such they won't really
bring problems into the eqbalance for a long time.

And ofcourse, it would be nice to have some special features to these items,
for instance.

A vorpal blade. => A vorpal blade(with a red ribbon tied around the hilt)
<christmas glow>

And people wearing christmas items would get a special <happy glow> to their
sdesc or something.