Yes, it's a Christmas movie from Larry Flynt. While perhaps "Bad Santa" would have been a better target, this stinker has Derrick Pierce cast as a bargain basement Bruce Willis in a sex film with very poor action scenes and SPFX.
In fact, if you blink a few times you'll miss all the action footage. Instead we have Tommy Gunn humping the terrorist villainess Kim Kane, Billy Glide as Santa with a very big dick humping Holly Ryder, Ryan Driller as a boring FBI man servicing cute cop Leilani Leeanne and Derrick humping his ex-wife Brooklyn Lee.
Dialogue is really dumb, frequently resorting to unfunny in-jokes about the female terrorists wanting to steal "Larry Flynt's porno dollars". My mind started to wander - wondering whether Harvey Weinstein from his prison cell could produce a porn parody of "She Said".