Krampus

Country: Austria, Bavaria, Croatia, Slovenia, Hungary, Czech Republic and Northern Italy

When: December 5th, Krampus Night or Krampusnacht,
 
Appearing in folklore and oral tradition from the Pre-Christian period, Krampus originates from German speaking countries in Europe, particularly Alpine regions; by the 17th century the mythology was joined with that of the celebration of Saint Nicholas, Krampus being his counterpart.

The anthropomorphic horned figure of Krampus, visits children who have misbehaved. Appearing to them in either the form of a demon with a long tongue framing pointed teeth, or a cloven hoofed goat like beast; the children are beaten with birch branches or chains, and thrown into a large sack which krampus carries on his back. These unfortunate children are then dragged to hell.

So (you better) be good for goodness sake!
 
Image is orginal Inspired by the Christmas mythology and comes on a wooden slice and hung with ribbon, the text of the myth as above is also displayed on the back of the ornament.