(Squidward laughing at SpongeBob)
SpongeBob: I still want you to have this.
Squidward: Wh-what's this?
SpongeBob: A present. I didn't want you to feel left out when.... SANTA CAME!!!
Squidward: Oh, well- I...I-
Spongebob: You're welcome.
(SpongeBob starts walking away slowly)
Squidward: SpongeBob? He made me a present? (laughs) It's probably a jellyfish net, or an old Krabby Patty or... His favorite underpants!