Forget the elves, this year it’s all about the magical holiday fairies.

Katy Perry Fairy! by FaeryAzarelle on DeviantArt

Case in point? Katy Perry in H&M’s new holiday 2015 campaign video, “The Makers of Happy and Merry.”

Katy Perry's Holiday Campaign Stole Something From Taylor Swift - E! Online - CA

The 31-year-old pop star, who is the face of the Swedish retailer’s holiday collection, transforms herself into a festive fairy for the brand’s film, which doubles as a music video.

In the clip, the songstress dons a bejeweled dress, complete with fairy wings as she belts out her new single, “Every Day is a Holiday.” Gingerbread men, elves and toy soldiers join in on the fun, dancing along to the festive tune.

Katy Perry bleaches her eyebrows bright blonde to transform into Tinkerbell - Irish Mirror Online

But the best part of Katy’s fairy look? Her rainbow-coloured hair, which features shades of green, yellow, purple and blue.