It is most likely the word Christmas.
ornaments
4 letters, 2 sylables. The word is "Noël".
Ummm...posowhtk?
Carols
Yuletide
These letters form the word 'lights'. It would be in reference to the many coloured lights and Christmas lights displays one sees during this season.
Those letters will spell the Christmas word presents. You can also spell the non Christmas words pertness and serpents.
presents.
mistletoxmasx
Five letter words that can be made from the letters in Christmas:amisschaircharmchartchasmcrashcrassmarchmarshmatchmirthscramscrimshirtstairstash
Yuletide is the Christmas word you are looking for.