She won't say the third Ho, no matter how many times we ask her what Santa says. It really leaves you wanting more.
She does say "Beeeeeeeeer!" and gesture to her chin to indicate she's aware Santa sports a white chin 'fro.
That's Kitty tucked under her arm, one of her best buds. Along with Dolly the doll and Elmo the Elmo. We are quite original with names.