As a kid it was depressing. I remember staring out the window and seeing all the other neighborhood kids with their new bikes, go-carts or other outdoor toys.
It wouldn't have been so bad if our parents had planned some kind of diversion. At least the day to go to the movies or take a drive in the mountains or use that week to go on vacation. But no....we moped around the house, no TV, no radio. We were prisoners in our own home. To this day, it bugs me that our parents didn't really stop to think about how we as children were affected by this time of year. We were just expected to suck it up and be good little obedient JWs. It's one thing to explain why you don't celebrate and that's fine. I can understand the theology behind it, but at the same time more care could have been taken to make sure that we weren't too adversely affected by being too different.
I guess I got through it okay though. When I got older and had a driver's license. I went to the movies on xmas day. That was my self made tradition. At first I'd go by myself but then a couple of friends would come. Even after I got married, I kept the tradition. I did that for years until everyone else seemed to think it was a good idea. I quit going to the movies on xmas day a few years back when the studios started releasing major movies on xmas day and people would line up around the block. Screw that...I went because it was quiet and not crowded...now they've gone and screwed up my holiday tradition.