I've seen this special several times. It's ...not bad, insofar as Christmas specials go---it's nothing special, but I kinda like it. :3
The gist is Christoper wants to be someone's Christmas tree, but he's never chosen. Instead, Christopher continued to grow until he grew too large to fit into anyone's living room for Christmas. So, Christopher became friends with (as well a home for) random forest animals (though Christopher still pined for the chance to be a Christmas tree ...pun!). ^^
The most significant of Christopher's animal friends was a flightless, misfit owlet named Hootey.
The best thing about Hootey is he created an unintended, time-related plot hole ...that the writers caught sometime during production. The plot hole was patched (albeit very awkwardly) near the end of the special. ^^
The featured pencil is named 'Snow Pine'. The 'Snow Pine' is of Chinese origin, though I cannot verify its maker. In fact, I know nothing about this pencil! D: