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1* BigLippedAlligatorMoment: Squidward when he says, "His favorite underpayants!" and grows buckteeth when he does. This comes from out of nowhere and never gets explained. However, even knowing what he knows about [=SpongeBob=], it's for the better we don't know that part of the latter.
2* CrossesTheLineTwice:
3** Squidward takes a picture of a sad [=SpongeBob=] and then mocks him and [[{{Jerkass}} rubs his misery in his face]] while a [[LiteralMetaphor picture of a donkey]] fades in over Squidward.
4** [=SpongeBob=] sadly taking down his Christmas decorations when Santa is a no-show? Heartbreaking. Him grabbing a single strand of lights from his elaborately decorated house, sadly sliding down the exterior, and declaring the job done while a PersonalRaincloud shows up above him? It's hard ''not'' to laugh at the absurdity of it.
5* {{Fanon}}: Many fans like to guess that the photo Squidward takes of [=SpongeBob=] when he's at his lowest was "the embarrassing snapshot from the Christmas party" Patrick has in "The Secret Box". This is supported by the fact that none of the characters in the beginning of the episode, barring Sandy, have ever heard of Christmas, which they do in "The Secret Box".
6* FridgeBrilliance: Legend dictates that Santa only comes while everyone is asleep. What is everyone in Bikini Bottom doing the night of Christmas Eve when Santa doesn't arrive? Staying awake to try and meet him.
7* MemeticMutation:
8** Spunch Bop[[labelnote:Explanation]]When Squidward revels in the fact that [=SpongeBob=] humiliated himself by making everyone in town wait all night for a Santa Claus that didn't show up, he takes a commemorative photo of a teary-eyed [=SpongeBob=] to rub the situation in his face. In 2021, the photo became a subject for ironic memes and redraws surrounding characters from other works, picking up the nickname "Spunch Bop" after an unrelated meme revolving around distorted versions of the show's characters' names.[[/labelnote]]
9** "Or...His favorite underpants!"
10* SpiritualSuccessor: "WesternAnimation/ItsASpongebobChristmas", released ''12'' years later.
11* ValuesResonance: At the time, raw cookie dough was considered {{Squick}} when Patchy munches on it, but nowadays it's considered appetizing due to its resurgence in food culture and being made safe to eat.

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