Stevens penned this festive tune for the five-EP box set of Christmas-related songs and carols Silver & Gold: Songs for Christmas, Vols. 6-10 that was recorded by him between 2006 and 2010. He told Uncut magazine: "The slogan predicates the song. Christmas is like white rice it goes with everything. Add any word to it and it becomes an immediate feast. 'Karma' and 'Christmas' feel like unlikely bedfellows, so it was fun to throw them together."
The Eurythmics' "Sweet Dreams (Are Made Of This)" came top of a 2013 Spotify poll to find out which songs music fans most commonly hear people singing incorrectly. Many believe Annie Lennox is singing: "Sweet dreams are made of cheese, who am I to disagree?"