From The Calvin and Hobbes Wiki
Calvin and Hobbes go sledding.
In the wintertime,
Calvin and
Hobbes go down a nearby hill on their
sled. This is used instead of the
wagon, although the jokes used by both are generally similar, as are the results: almost always catastrophic. The sled, as is the wagon, is predominantly used in two different scenarious: profound philosophical discussions or a death defying plunge; often these two are put together. Sometimes, the
toboggan is randomly used in place of the sled.