One third of Santa's sexy personal entourage, ie: one 'ho'. An upscale and hearty version (insensitive to cold climates) of the more common 'ho'. See also 'whore', 'lady of the night', 'streetwalker', etc.
"Ho, ho, ho" (referring to his entire combined "posse" of 'ho's')...."MERRY Christmas"
by Jerry January 06, 2005