When Christmas rolls around Santa's busy in his shop    Managing his elves and trying to cut costs    His plant is out of date it needs modernization    He has quite a large debt accumulation          Elves are expensive, they do not come cheap    And you would not believe the bills for the heat    Santa stands to lose everything he owns    If he defaults on yet another of his loans          Things are looking bad for Santa    He can slip down chimneys but he can't balance accounts    Things are looking bad for Santa    If he wrote a cheque it probably would bounce          He hires an accountant to come and advise    The accountant says that he has been unwise    Cuz even if the costs were cut down drastically    It's still hard to make money giving things away for free          Santa Claus decides to wipe the slate clean    He lays off half the elves and buys mordern machines    Then he auctions off all unnecessary stock    He gets a lot for Rudolf from Ripley's believe it or not          Things are looking bad for Santa    He's made all sorts of changes but it hasn't fixed a thing    Things are looking bad for Santa    Misses Claus has left him and the elves are picketing          Hey! Hey! Ho! Ho! The big fat pig has got to go!    Hey! Hey! Ho! Ho! The big fat pig has got to go!          Santa's had enough he locks the elves outside    He butchers all the reindeer and sells off all their hides    He sells his shop to Disney and leaves the north pole    To go find cheaper labour down in Mexico