If you celebrate both Christmas and Chanukah in your household, don't water down the decor instead, provide a middle ground that will celebrate both holidays. For example, tie in both holiday traditions with colors and lights. Consider making a wooden, three-dimensional tree and covering it with Christmas and Chanukah wrapping paper. Also hang lots of light orbs in red, green, blue and white.
Product information:
Orbs, around $56, 8th Ave. Lighting, New York City, N.Y. 212-279-1323