I've never participated in Yuletide, but from watching the flailing on my flist for many years now, it seems to me that with it, there also seems to be a certain deadline crunch and franticness by design, that is part of the fun for many. The deadline is very close before opening, especially with pinch hits and treats thrown in, and the whole timeline is far more compressed than for example in the usual HP Christmas ficathons you see, which start organizing in August.
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