Santa's toy holder (4)
I believe the answer is:
sack
'santa's toy holder' is the definition.
(I've seen this in another clue)
This is the entire clue.
(Other definitions for sack that I've seen before include "Big, coarse bag" , "A bag for Falstaff's drink" , "Dismissal - sherry!" , "Bag; pillage and destroy" , "Container for coal etc" .)