Nice work! And a Happy Holidays to you as well. I know mine just improved
Now for that criticism thing I keep trying to do:
Good progression, I liked all the frames. I couldn't see anything that gave away your editing.
The only criticism I can think of is for the final frame. Now, I know terribly little about photo-manipulation, but if there were some way you could draw in the bra strap so that it was pulled straight to her shoulder instead of curving around the boob it would be even better.
I really had to look hard to find even that suggestion, so honestly this is a quality morph.