Elf in the Hood.

Malik and Jada are drowning in debt to a merciless drug dealer named Silk. Desperate to escape, they stumble upon a strange elf-shaped voodoo doll and see a quick payday. But as they try to sell it, they unknowingly unleash a vengeful entity. As Christmas Eve turns into a night of horrors, the couple must fight to survive while being hunted by a supernatural force bent on their destruction.