This is parameter T1_BUF_SIZE = 8192 in writet1.c, in the dvipsk and pdftexdir directories. It is hardcoded by #define. Used both by dvips and pdftex. Increasing it to 16384 in the source allows inclusion of the christmas font.
Greetings Hartmut > Error: module writet1 (file chrimbob.pfb): buffer overflow [8192 bytes]