I am a bit of a boring starbound player (don't build much, prefer to explore) so for me, is there any value to holiday spirit? or am I doomed to have a filed inventory slot until the next wipe?
If you build the Toymaker's Table you can use the Holiday Spirit to construct a variety of decorations and gifts. As far as I can tell there is no "use" for them besides decorating your (or a friend's) house/ship/landscape.
Edit: Actually some of the clothes do provide warmth, so not totally useless.