Good effort Pepper, but to hear the words Santa, Rudolph and Sleigh in the first couple of lines reminds me of a well known Christmas Song. As such, any pretentions of originality go out the door. As a songwriter, I also hate over rhyming and this song abounds with cheesy aliterations such as day, away, present, pheasant, dinner, thinner, winner..... you mention gin in verse 4. I think thats what the listener needs by this stage.....
Mind you, given the right melody, this song might work !