A Colbert Christmas: The Greatest Gift of All has redefined the holiday special for the new millennium. But it may also have redefined holiday songs for the 21st century as well, especially Willie Nelson and Stephen Colbert’s “Little Dealer Boy.” Think “Little Drummer Boy” 2.0, substitute the phrase “finest gifts” for marijuana, and you’re there.

Or better yet, just check out the video of the entire song at right. It’s a double-exposure romp that might make Jesus blush, if he wasn’t already rumored to have used cannabis himself. After all, as Willie sings in the duet, cannabis is a “plant that smokes more sweetly than either frankincense or myrrh.”

If you like the tune, you’re probably going to love the rest of the bizarro standards found A Colbert Christmas, out now as an iTunes-only digital EP. Heck, you might even dig Toby Keith’s War-On-Christmas shocker “Have I Got a Present For You,” the very track that had me worried that Colbert’s holiday special might suck.

Boy, was I wrong about that.

Meanwhile, “Little Dealer Boy” has caught some flak on Colbert Nation, but I think it is one of the finest Christmas tunes ever laid down. Am I high? Post a comment below and let me know.