I still very much appreciate its spirit, both in terms of no-budget filmmaking and sense of fun. I wish that the films of today could have even a fraction of its good-natured mischievous approach. Certainly film studios could learn a thing or two, in this ridiculous era of quarter-of-a-billion-dollar blockbusters. I for one don't need the equivalent of 'having my eyes masturbated', as one cinema critic so lovingly stated. I would prefer watching this in a second over any of the ham-fisted, cash-soaked holiday atrocities made in the past three decades (I believe 'A Christmas Story', and perhaps 'Elf' and 'National Lampoon's Christmas Vacation' to be the last decently-made Yuletide films). But don't take MY word for it...see it for yourself (without the stupid and condescending MST3K commentary) and make your OWN conclusion.