"Santa has a brand new bag..."
This is stitched in Medici wool, Caron Snow (in gold curls), Rainbow Gallery Fyre Werks (the mosaic variation in the center goldwork). The Scotch stitches on the stripe are done in two colors of Medici wool, then instead of tenting gold around them I worked long Satin Stitches with tacking stitches at each intersection. Think Trellis Stitch.
He also has a snow globe!
The silver underneath is tented in Kreinik 1/16" ribbon. Stitched over that is Rainbow Gallery Water 'N Ice. The flash makes it appear more translucent but in person it looks solid. Weird camera.