The 12 days of sad Christmas Misfits: Day Six

Today, we bring you a holiday non-sequiter. An item that has no meaning that I can discern. No label either, as it was apparently made by a "Kristy" in 1990. If it is some sort of pop culture reference, it is so obscure that no one I have consulted can recognize it.

But really, everyone should have a Christmas Racoon, don't you think?