MAC Red is a limited edition lip palette that retails for $35.00 and contains 0.4 oz.
MAC Nutcracker Sweet Red Lip Gloss Kit ($35.00 for 0.40 fl. oz.) contains three Cremesheen Glasses and one Dazzleglass in variations on "red." Cremesheen Glass is supposed to be creamy, hydrating, and sheerer. Dazzleglass is supposed to have medium coverage with a hydrating, non-tacky formula filled with lots of shimmer/sparkle. In general, Cremesheen Glass tends to have a creamier, milkier quality to it, which makes it comfortable and hydrating to wear, but it often looks streaky, settles into lip lines, and is shorter wearing. Dazzleglass is moderately tacky, thicker, and wears longer and has tons of sparkle, but it is more semi-sheer in coverage. What I've always found funny about the holiday gloss sets is that they're called "minis," but they're larger than full-size.