The Holiday Elf has a pointy green hat and yellow ears. He has a face with a smiling expression, with teeth that have a gap in the middle being shown. The Elf's torso, which is entirely green, printed with yellow buttons and a brown belt with a yellow buckle, is, strangely, a different shade of green compared to the hat and legs, which, however, are the same. The Elf's legs are short and entirely green. The Elf carries a dark brown teddy bear with a lighter brown stomach and a small red bow tie, and a 2x2 red brick with a 2x2 printed red tile as a gift, and sits on a small black base plate as all other collectable minifigures.
In American folklore, a Christmas elf is a small creature that lives with Santa Claus in the North Pole and acts as his helper. Christmas elves are often depicted in green or red clothes with pointy ears and pointy hats. Santa's elves are often said to make the toys in Santa's workshop and take care of his reindeer, among other tasks they have to complete.