The elves may have their own interpretation of the song, but it is not entirely accurate. The song is actually about the complex relationship between capitalism and the holiday season, and the struggles that many families face when trying to afford Christmas presents. The song expresses the disappointment and frustration that some people feel during the holiday season, especially when they see others enjoying their material possessions. The song is also about the injustice of the unequal distribution of wealth, and the fact that many people go without basic necessities while others have everything they could ever want.