This is not as far-fetched as it might sound. See what American philosopher, author and futurist Robert Anton Wilson said about the subject:
There’s the Lilith, the female Devil, and buried in Judaism there’s the Shekinah, the female aspect of God. I’m more interested in the way that the Devil infiltrated Christianity disguised as Santa Claus. Very few people realize the archetypes are the same.
It’s the old pagan fertility god. Satan is the caricature that the Christian church created, but the fertility god came back as Santa, and he wears the same red suit as the Devil. The name Satan and Santa are made up of the same letters; you just move one and you’ve changed Santa into Satan.
(Robert Anton Wilson)
And what did Victor Borge, Danish born American comedian and pianist think about Santa Claus?
Santa Claus has the right idea: visit people once a year.
A quite revealing political quote on Santa by Henry Louis Mencken (the American humorous Journalist and Critic of American life who influenced US fiction through the 20s; 1880-1956):
God is a Republican, and Santa Claus is a Democrat.
(Henry Louis Mencken)
So should we fear good old jolly Santa?
Probably not; and note that people who are afraid of Santa Claus are called Claustrophobic…