Damn, you beat me to it!
I'm definitely in My email is satyricafilms [at] yahoo.com
It's a casual thing, no pressure. Just have fun
It's not about making a real film, necessarily. Just giving holiday well wishes to another IT member. You can of course be as elaborate as you want, some people use it as an excuse to make something awesome, filmmaking-wise. Although my favorites in years past have been the ones (with sometimes minimal production value or story) that are more personal based on the actual giftee. Some folks also go silly or campy. But plenty of folks who end up not having ideas or very much time will just create a little vlog style video saying 'Merry Christmas' and there ain't nothing wrong with that either.
I suggest you check out the gift threads from previous years. You can get a feel for it and maybe some inspiration. I hope you participate!
I'm a sneeky one heh