Ed Sheeran and Elton John are paying homage to the classic Christmas music videos of old with a silly, feel-good video for their new holiday collaboration “Merry Christmas.”

The British singers released the charity single on Friday after months of teasing it, and also shared a festive music video made of all things merry and bright. The clip, directed by Jason Koenig, begins at a Christmas party seemingly hosted by Sheeran, 30, and John, 74, who wear matching holiday tracksuits as they entertain their guests.