Characters
Mom I'm a lesbian. But don't tell Daddy! I want to wait for a good time; like Father's Day or Christmas Morning!
— Chris

Behind the line May contain spoilers.
Our reading
An editorial interpretation.
A joke about coming out that treats the news like a gift to be scheduled. Asking Mom to keep it from Daddy until a holiday like Father's Day or Christmas morning turns a big disclosure into a surprise present, and the humor comes from that mock-festive timing.
Context reviewed