Penguins live south of the equator, most famously in the Antarctic, but also in Africa, Australia, and South America, in the later approaching as far north as the Galapagos Islands. They do not live at the North Pole.
Polar bears live in the Arctic. They are found in Alaska, Canada, Greenland, Norway, and Russia. They go no further south, outside of zoos.
Penguins and polar bears do not coexist in the wild. The Coca-Cola commercials are lying to you. That is all. This Holiday buzz-kill brought to you by The Zoo Review.
Oh, and Santa's reindeer are all girls. Yes, even Rudolph. Accept flying caribou if you must, but know that male reindeer lose their antlers by December 24th every year.
Gary Larson of The Far Side always prided himself on his accuracy. He's said that this cartoon is one of his biggest regrets. Still funny, though