Meaning of "Santa Has His Eye On Me" by SpongeBob SquarePants

The lyrics highlight the traditional belief that Santa Claus is omnipresent and aware of everyone's actions, making a list and checking it twice to determine who deserves gifts or coal. The playful interaction between the characters, such as SpongeBob's attempts to capture Santa or Mr. Krabs' focus on the receiving aspect of Christmas, adds a humorous touch to the song. Ultimately, the message conveyed is that the joy of Christmas lies in the spirit of giving and kindness rather than just receiving material gifts.