This song featured on Comedy Central's 2008 Christmas special, A Colbert Christmas: The Greatest Gift of All!. The song was written by comedy writer, David Javerbaum, and Adam Schlesinger, who is the bassist for power-pop band, Fountains of Wayne. In our interview with Schlesinger, he said the track is poking fun at the commercial greed of the music industry at Christmas time: "...the gist of that song is let's make this a big Christmas song so I can get rich."

A Colbert Christmas: The Greatest Gift of All! follows comedian, Stephen Colbert (of The Colbert Report), as he attempts to escape a cabin surrounded by bears. A number of friends proceed to stop by the cabin in order to sing Christmas songs with Colbert.

The songs which feature in the holiday special were compiled into an album, A Colbert Christmas: The Greatest Gift of All!. Colbert encouraged fans to purchase the Christmas album as part of 'Operation Humble Kanye,' which was launched after Kanye West declared that he was "the voice of this generation of this decade." 'Operation Humble Kanye' was a success - A Colbert Christmas: The Greatest Gift of All! overtook West's album on the iTunes chart, leading to Stephen proclaiming Kanye "officially humbled." In 2010, A Colbert Christmas: The Greatest Gift of All! won the Grammy Award for Best Comedy Album.

Most of the songs which feature in A Colbert Christmas: The Greatest Gift of All! were written by David Javerbaum and Adam Schlesinger. This is not the first time Javerbaum and Schlesinger have worked together. Schlesinger revealed in our interview that the pair have, in fact, worked together on a multitude of big-name media projects: "We did the Stephen Colbert Christmas Special together, we did this Broadway show called Cry-Baby. And then we've written a bunch of awards show stuff together including the Tonys and the Emmys this year (2011)."