Y'know, maybe I'm a little crazy here and I've created a new ending in my head, but I have Emmet Otter's Jug Band Christmas on VHS that I bought about 3 years ago. Now Kermit does his little intro by riding that scooter in until he hits the sign post and falls down and then the River Bottom Boys take his scarf and peel off, the movie starts and that's the last time you see our hero.
Now Philo and Gunge, you said you had an evil edited version and here is where I'm curious. Why do I remember watching that special on TV back in the early 80's and seeing Kermit in the night club at the end, and that's where they close the show. He sorta' ties it up. I don't remember if they continue outside afterwards to sing "When The River Meets The Sea" again, but I coulda' sworn Kermit was sitting at a table in that night club, turns around and says that everthing worked out just fine.
Was there alternate endings for TV and VHS, or am I lost here?