you see, its funny because:
Santa Claus shouts 'Ho Ho Ho', its basically his laugh
Ho or Hoe is typically a derogatory term given to some woman (and men) of a particular profession
yay i killed a joke :D
~Come to bring the Lady of Time to her final destination, The Big Bad Wolf~
I believe this is why none of this humor appeals to me. Not only did I "get it" as soon as I read it (I guess this is written for people, well, with less synaptic connections), it is also in bad taste. The only thing actually funny is that Santa doesn't exist - which fact may be unknown in the bracket this was aimed at.