well actually it's from our Halloween window but we thought he could do double duty. This is the first year, this myth has crossed my path and it seems to be popping up a lot. Here's what Wikipedia has to say:
Krampus is a beast-like creature from the folklore of Alpine countries thought to punish bad children during the Yule season, in contrast with Saint Nicholas, who rewards nice ones with gifts. Krampus is said to capture particularly naughty children in his sack and carry them away to his lair.
Krampus is represented as a beast-like creature, generally demonic in appearance. The creature has roots in Germanic folklore.