Santa claus is smoking reefer

Jim: yes, yes i have a very little secret we'd like to tell
tom: and we think people to know about it
jim: the snow will be falling
tom: and the cats'll be ballin, yeah, theyll be knockin em selves out
jim: know the reason why
tom: why?
jim: santa claus is smokin' reefer
santa claus is smokin tea
hes so high in the sky, stays loaded all the time
come on down
ken: hes got good stuff for the kiddies!
tom: he's hip nowadays, not like my mother, my father
jim: the kids are jivin
tom: jolly fellow, hes that fellow
jim: not the cat you think it is
santy claus is lighting up to the hay