Christmas Caroling was a scam that was done in "Fa-La-La-La-Ed." The scam took place after the Eds failed at their Piggy Bank Belly Pumper scam and decided to abandon it in order to spread "peace on Earth." The scam was simply the Eds going from house to house in the the Cul-de-Sac singing made up Christmas carols while strongly hinting that they wanted money to go away. The scam was successful as it made over $2.00 (and a strip of bacon from Rolf). Eddy then used all of the cash to buy a heaping sack of jawbreakers from the candy store. However, Ed gave all of the jawbreakers to the kids, leaving none for Edd or Eddy.
- This is actually similar to the original intent of the song "We Wish You A Merry Christmas"; when first sung, the carolers actually would not stop singing and go away unless they were fed (usually figgy pudding).