It's interesting to think about how this lighthearted, snowy film (based on a mixture of northern European pagan and Western Christian folklore) was made at a time of horrific existential war, in a southern Islamic city surrounded by flat, semi-arid plains...

As a film, though - I like the song, and I think the film itself is pretty charming. But as New Year films go, the Soyuzmultfilm studio made a much better one three years later (and a few more classic ones soon thereafter), and I also prefer the 1937 "Silver Rain" made at Mosfilm.