When Christmas rolls around Santa's in his shop Managing his elves and trying to cut costs His plant is out of date, it needs modernization He has quite a large debt accumulation Elves are expensive, they do not come cheap You would not believe the bills for the heat Santa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 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 Lays off half the elves and buys modern 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! (He's gotta go!) Santa's had enough, he locks the elves outside Butchers all the reindeer and sells off all their hides Sells his shop to Disney and leaves the north pole To go find cheaper labour down in Mexico Feliz Navidad (Ho Ho Ho ) Feliz Navidad (Ho Ho Ho ) Feliz Navidad, la la la bamba, Feliz Navidad (Another margarita, senorita) Feliz Navidad (Have you been a good girl this year?) Feliz Navidad (Here's a couple of extra pesos) Feliz Navidad, la la la bamba, Feliz Navidad Ho ho ho!