Green’s Dictionary of Slang

no hide, no Christmas box phr.

[SE no + hide n. (3) + SE Christmas box]

(Aus.) no hope of that, not a chance.

[UK]Partridge DSUE (8th edn) 797/1: since ca. 1930.
NSW Legislative Assembly 12 Mar. 🌐 You’ve got no guts Mr Tink! No guts! No hide, no Christmas box!
Grub Street Journal 17 June [blog] ‘No hide, no Christmas box’, as my old Granny used to say, or as the political hard-arses would have it – ’crash through or crash.’.