The Big Brother star looked very merry indeed as she flashed her bottom in an extremely revealing number.
Lisa, 50, was up to her old tricks again on Sunday, after she risked jail to go topless in Thailand last week.
The fun-loving star refused to cover up for her latest event and slipped into stilettos, a thong, and a sheer, red top as she attended the Saints and Sinners sex shop Christmas party.
Spotting paparazzi nearby, Lisa strutted down the pavement before she turned around and blew the bewildered onlookers a kiss.
Her plunging camisole managed to protect her modesty, and her Santa hat delivered a degree of warmth in the blustery weather.
Lisa recently courted controversy on her Thailand holiday and staged a topless selfie photoshoot on her phone last week.
The camera-loving star splashed her way into the ocean and appeared to be taking an X-rated snap of her boobs.
She then clambered aboard a nearby jet ski with her boobs out while holidaymakers swum around behind her.
However, Lisa won't have got very far – as the jet ski was pointed firmly towards the land.
This is far – very far – from the first time Lisa has gone topless in public.
Earlier this year The Sun told how Lisa could be facing jail time for whipping her clothes off because of Thailand's strict public nudity laws.
Rules around nudity the South East Asian country are severe, with the star facing a fine or even jail time for indecency if arrested.
Phuket's governor Maitree Intrusos, issued a public warning to tourists about going topless in public in 2014.
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