So here we are at part 5 in the "Silent Night, Deadly Night" series, a series that was starting to overstay it's welcome by this point. Some would say it did that long ago, but personally I like parts 2-4 to varying degrees and was glad the makers of 4 gave it one more go around. Like 4, 5 has nothing to do with the storyline in 1-3, but instead goes for a more "Puppet Master" kind of story.
Pros: Overall an entertaining experience. Genuinely good performances. Good special, visual, and mechanical effects work. Some good twisted humour. A twist that I won't give away. Creative kills.
Cons: There have been so many killer toy movies that came before this one, so we've seen most of this before. Pace drags at times. Though it's nice to see Neith Hunter and Conan Yuzna reprise their roles from 4, they really aren't needed here. Aside from some good shots and camera tricks, the direction is pretty bland and the film looks like a TV movie.
Final thoughts: OK so perhaps the world didn't need another sequel to the controversial 1984 slasher film, but so what? They made 10 sequels to "Friday the 13th" and 7 to "Halloween," so why not 4 to "Silent Night, Deadly Night"? If you liked the previous 4 then go ahead and give this one a try.