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Christmas != red hat/suit
So, red hat/suit = it's over when "Christmas" in terms of presents and family and red trucks delivering drinks is over. Since this Christmas isn't really serious anyways, you can easily be "funny" by wearing the hat whenever and throw presents around in green/red/golden colors.
Real christmas = ends with New Year, Epiphany takes over (for Protestants; check your religion and its liturgical year if you are into it)