I love this.
"it's a ... sloop" - For a small wooden ship, it gets the job done as far as floating goes. If it could sail into the wind, you'd have it spot on, maybe it can I dunno.
The melodic aspect of it, (btw I laughed at the key change, wasn't expecting it, nice timing) makes for a great friendly, kids and christmas feeling. Some of the sounds don't, particularly the drums giving it some different energy. I would friggen love to hear this with an orchestra, and plays at a slower tempo, it would make for a good movie theme. Tell you what, I'll make a movie* if you remake this using an orchestra. and use your voice for the harmonising and chords or whatever you want.
*Movie may be in the form of interpretive dance and go for under a minute.