Belated xmas wishes from Switched Out (a week later) and from Flying Nun (30 years later)!
According to what my pal Google tells me, this joint is Chris Knox joined by his partner Barbara, David and Hamish Kilgour, Doug Hood and others around the flat. The a-sider is a fantasy about Doug's cat Bob becoming ten stories high and destroying Christchurch, and the b-side is a bunch of xmas-themed nonsense.
Extremely rare, this goes for heaps on eBay and TradeMe. I was lucky enough to get this from my mate Mac, who had two copies and was downsizing his collection.