Here's an ornament that not only pays tribute to the guy who'll shimmy down the chimney, but is also jolly good fun to make.
Cut out a red felt hat that's slightly taller than the craft spoon handle (ours is about 3 inches). Use a pushpin to poke a hole through the felt about 1/4 inch below the tip of the hat. Thread a 7-inch length of monofilament through the hole and knot the ends to create a loop.
Cut out a fur strip to trim the hat and glue it in place. Then cut out a fur beard.
Glue the hat and the beard to the spoon as shown, then stick the googly eyes to the wood. Finally, glue a small white pom-pom to the tip of the hat.