Nothing says Christmas quite like bling and fresh ink!

Kylie Jenner checked quite a few items off her wish list this holiday, including a brand new diamond ring and a new tattoo! The reality star has kicked speculation into overdrive that not only is she back with Tyga, but that the rapper might have popped the question.

"Every year my Mom throws a huge Christmas Eve party and this years was so fun (and sparkly)! It was really special to end such a big year celebrating with all of my friends and family… and with an extra special gift from a special someone. And NO, I’m not engaged :)” she wrote on her website. Question is -- do you believe her?

The hip hop bad boy allegedly spent $44K on the bauble, and while that's nice and all, shouldn't he be paying off his massive debts first?

In other Ky news, she opted to add some edge to her image by tattooing "\'sa-ne-te\" (a.k.a sanity) in red on her hip. We think she should have listened to sister Kim when she said you don't put a bumper sticker on a Bentley!