Ed Sheeran and Sir Elton John finally released their Christmas collaboration!

After months of teasing, the song is out and the music video has dropped.

Proceeds from the song are going to benefit their two charities.

The Ed Sheeran Suffolk Music Foundation was started in 2019.

It aims to provide Suffolk children aged 18 and under with grants to fund their music careers.

Other proceeds will go to the Elton John AIDS Foundation, started in 1992.

Fans can’t get enough of the song, which, as Sheeran teased, has “a lot of sleigh bells.”

“Such a lovely feel good song,” one fan wrote. “Think that's exactly what we all needed this year!”

Another dubbed the collaboration as “the best Christmas song in a very long time!”