A 1973 Christmas classic by Elton John (words, of course, by Bernie Taupin). Little-known fact: The B-Side of the single is called "Ho! Ho! Ho! (Who'd Be a Turkey at Christmas)." British purveyors of dour sturm und drang the Wedding Present covered the song on Hit Parade 2. Old-school Brit-punks the Business also did a version.
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