BJ and I were discussing Santa Claus, and we don't think we're going to "do" Santa. For one thing, I don't like the idea of lying to the kids, even if it's "for fun." For another, MG is terrified of Santa, and she would probably need therapy if I told her that he would be in our house, whether he was leaving presents or not. Finally, with 8 grandparents, we really don't need any extra gift-giving entities. We have 529 accounts set up for both the kids - maybe "Santa" can put something in there. There's the whole religious thing, too. Christmas is not Santa's birthday, in spite of what a lot of kids think!
We plan to tell the kids that Santa was a real person who gave people presents, and that we celebrate the spirit of generosity by talking about him and singing songs about him. I want them to know, though, that he's real in the same sense that Mickey Mouse and Charlie and Lola are (in other words, they're real characters, but not real people).
We don't plan to do the Easter Bunny or the Tooth Fairy, either. It's not that we're cheap, or that we dislike fantasy... We just don't want to be dishonest. I think it's important to note that neither of us felt lied to or betrayed when we found out the truth about Santa. This isn't about your parenting, Mom and Dad and Mom and Dad, it's about ours...