Now some thoughts:
1. Santa Trump is carrying a hammer (”Drop the hammer”).
2. T&Q stockings are obvious.
3. The Vatican Treasurer??? (Godfather III).
4. “Elf on the shelf”? Keebler Elf? Sleepy Sessions? Has he been watching all along, seeing who’s naughty and who’s nice?
Gonna be a great day! Somebody’s getting smocked with a stocking-full of covfeve...
8 stockings, 3 letters visible.
Not sure of the decode. Anyone care to make a WAG?
Possible decode of picture:
8=H
3=C
Therefore:
Santa is going to drop the hammer on HC, Hillary Clinton. Merry Christmas.