At Christmas time, you?re likely going to see the word ?yule? used in decorations and greetings, such as this Cool Yule 15oz. Wine Glass (6004432) by Lolita. But where does that word come from, anyway, and what does it mean? Yule is a festival historically observed by the Germanic people, celebrating the Wild Hunt, the god Odin, and more. Essentially, it became Christianized, such that we now have the Yule log, Yule singing, etc.