'Tis blessed to bestow, and yet, Could we bestow the gifts we get, And keep the ones we give away, How happy were our Christmas day!

The stanza plays on the familiar moral that giving is “blessed,” then adds a childlike, humorous wish: that one could both give gifts and still keep them. The speaker acknowledges the ideal of generosity while admitting the natural human desire not to lose what one parts with. That tension—between altruism and attachment—captures a common holiday feeling: the season encourages selflessness, yet gift-giving can also sharpen awareness of scarcity, sentiment, and personal wants. The rhyme’s lightness softens the confession, turning it into a gentle reminder that true Christmas “happiness” comes from accepting the cost of giving rather than trying to evade it.