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by a1369209993 2734 days ago
In that case it's a typo, and should be spelled "God Rest Þe Merry", with a latin^Wenglish capital letter thorn, rather than a Y, which was used as a substitute when using early german printing type that didn't include the thorn character.

Unless you're actively trying to write in Ye Olde Butcherede Englishe, in which case go ahead.