| In the classic Smissmas story "The Gift of the Magi", a girl sells all of her hair to a hair warehouse to buy her boyfriend a watch chain, but in a shocking twist, he looks at his watch and remembers she's bald and it's time to break up with her. That's when the Magi show up, and it is a BLOODBATH.
The point is, giving people gifts can bite you in the ass. Too much potential for twist endings. So this Smissmas, why not sit back, scroll down, and leave the gift-giving to us.
— TF2 Blog
The Smissmas 2016 update was a major update for Team Fortress 2 released on December 21st, 2016. It featured the in-game release of several items that were selected by Valve for outstanding quality through the Steam Workshop, submitted using the item importing system. The update added a total of 19 new cosmetic items and 4 taunts.
Workshop Wonderland 2016