Jehovah's Witnesses have avoided the non-sense and commericalism of the holidays that are celebrated by the world. Growing up a Jehovah's Witness I personally never missed any of these things. I continue to enjoy life without these events.
Over-eating, over-drinking, selfish-gift giving, family fights are legendary. Santa is much nicer to the rich kids then the poor.
Unfortunately, Jehovah's Witnesses have bought into a lot of this kind of thing by elaborate wedding celebrations, baptismal celebrations,wedding anniverseries involving rented halls, full-time service anniverseries, huge baby showers, grammar & high-school graduation parties etc. Christian giving used to involve annonymity. You have to be so conscious of whether people are $100 - $50 -$20 friends. I have seen weddings of Rich Elder's kids where the gifts were piled halfway to the ceiling. And I have seen poorer families with a small cake reception where the bride & groom could pack their gifts in the trunk of their car.
Their IS something wrong with the world's holidays and it has infected the lives of JW's too.