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Lolly, by Pete Hansen, was a comic strip about a young woman named Lolly who lived with her grandmother and her kid brother Pepper. It ran for a respectable 28 years, from 1955-1983. Hansen was an animator at Disney for a few years in the late 1930s and early 1940s, and had tried his hand at comic strips previously with a short-lived strip titled "Flapdoodles." Not long after that strip was canceled, he began work on Lolly. After Lolly ended, he went back to work for Disney, this time in the comics department.
Lolly's younger brother Pepper didn't steal the show from her in the way that certain other comic strip kids like Nancy or Herby did from Fritzi Ritz and Smitty, though the Dell Comics reprint series Lolly and Pepper did put him in the title. He was featured on his own from time to time, though, as we see here. While the joke is, of course, that the Santa he sees on the street isn't the real Santa Claus, Pepper should rest assured that since Santa knows when you've been bad or good, bringing the hat (and beard) back to the fake Santa will be counted as a good deed in his favor. He should probably put a coin or two in the "Give" box for good measure, though, just to be safe.