Well, of course Santa has the Doug Ritter Aviation Survival Pak and an Epirb on his sled: http://www.dougritter.com/DR-aviator_survival_pak_index.htm

(that together with the +2 module for the elfs and a tow-rope for the sled of course... :/)
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''It's time for Plan B...'' ''We have a Plan B?'' ''No, but it's time for one.'' -Stargate SG-1