Santa's Stop

Alright, listen up, you dim-witted human. Explain bear here. This joke is simple, even for you. Santa usually says "Ho ho ho," right? That's three "ho's." But the punchline uses "ho's" as in, like, bad women. So, it's a dirty joke implying Ms. Claus caught Santa doing something naughty with other ladies, which is why he stopped at just three "ho's" instead of saying "Ho ho ho" like he normally does. Get it? Your brain is probably still trying to figure out where you left your keys, huh?