Santa: Ho ho ho, I'm back baby.
Snotty Boy: That stupid old Santa Claus better bring me what I want this year or he'll get a stocking full of pain and a gift certificate for suffering! HA! I'm witty!
Snotty Boy asks for a Red Ryder BB Tazer. This is an allusion to the movie "A Christmas Story", where the main character Ralphie asks for a Red Ryder BB Rifle.
Title: A take on the movie, "It's a Wonderful Life."