Several years ago (I won't divulge how many because I'm not sure if the 'never talk about a woman's age applies to her, yet) my daughter spent a semester studying abroad in Spain (Yes, I believe she was studying). The Christmas that followed her return she presented us with an inappropriate , weird, ...unusual gift.

The photos below show the small Santa figurine, and yes - he is doing what you think he is doing. She claimed that these figures were all the rage in Spain and to her credit, I did find this link (which dates back to about that time).