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I mean, just think of the math. Let's say there are 2 billion kids in the world (ballpark). That's 2 billion homes he has to cover in the span of 24 hours. There are 86,400 seconds in a day. That leaves him with .0000432 seconds per child. This is a creature with a top speed of 0.07 miles per hour. Just saying, that's a tall order. We'd be impressed if he made it through one house before sunrise.
How did this legend get started anyway?