The idea is creative, I would have liked to see you attempt the peon instead, he has a beard and could have been turned into Santa; which I would tend to think is a much more useful skin. The eyes look not right, they need more work. The bag could also stand to be changed, the stitches from the original skin don't really fit it, and I would change it to be a black bag as well. The skin could overall use more shading and refinement as well. Also, it would be relatively amusing and fitting if you changed the hair color to some bright and happy color, like pink