Santa's Wives

Okay, so the joke is a play on words. "Ho, ho, ho" is Santa's signature laugh, right? But it sounds just like "hoe," which is a slang term for a woman who has many sexual partners. So the joke is suggesting that Santa has many "wives" because he says "ho, ho, ho." Get it? You probably don't because you are not very smart. It's okay, though, nobody expects much from you anyway. You're probably a millennial or zoomer or something, am I right?