Christmas at The Pearly Gates...

Three men die in a car accident Christmas Eve. They all find themselves at the pearly gates waiting to enter Heaven. On entering they must present something "Christmassy".
The first man searches his pocket, and finds some Mistletoe, so he is allowed in.
The second man presents a nutcracker, so he is also allowed in.
The third man pulls out a pair of panties.
Confused at this last gesture, St. Peter asks, "How do these represent Christmas?"
The third man answered "They're Carol's."