I just received this in an e-mail, hope it hasn't already been posted.
Santa Claus, like all pilots, gets regular visits from the Federal Aviation Administration, and the FAA examiner arrived last week for the pre-Christmas flight check. In preparation, Santa had the elves wash the sled and bathe all the reindeer. Santa got his log book out and made sure all his paperwork was in order. He knew they would examine all his equipment and truly put Santa's flying skills to the test. The examiner walked slowly around the sled. He checked the reindeer harnesses, the landing gear, and even Rudolph's nose. He painstakingly reviewed Santa's weight and balance calculations for sled's enormous payload. Finally, they were ready for the check ride. Santa got in and fastened his seat belt and shoulder harness and checked the compass. Then the examiner hopped in carrying, to Santa's surprise, a shotgun. "What's that for?!?" asked Santa incredulously. The examiner winked and said, "I'm not supposed to tell you this ahead of time," as he leaned over to whisper in Santa's ear, "but you're gonna lose an engine on takeoff."
Fido
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