It’s not a huge surprise that we are seeing some malware spam runs where the malicious attachment attempts to portray itself as a Christmas Greeting of some sort.
Here’s an example from today (md5: C670165AE6DFA8318F0EA795B1D3AD55). This one is actually a Zapchast (IRC bot variant).
The “Christmas Card” requires it’s own “special version” of Flash to be installed — flashplayer2009.exe — which is the malware itself.
Once ready, it will display this friendly message written in Universal Gibberish.
Pay attention to the cheerful filename used for this message — idiot.jpg.