I didn't know James Raggi had made a Christmas movie...
Well, he hasn't. But Rare Exports: A Christmas Tale seemed to have a very similar vibe to a Lamentations of the Flame Princess adventure. Basically, the wholesome is subverted, ordinary enough people face off against a powerful, inhuman evil, and all for the sake of a few gold pieces.
Perhaps not as good a Gremlins for Christmas horror, but certainly worth watching.
Sounds awesome! If you haven't seen Troll Hunter you should check it out.
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