The Holdup tells the tale of Dennis (Scott Nails), a down-on-his-luck mall Santa who's one fuck up away from standing in the unemployment line. After getting caught having a freaky four-way with his coworker elves, which includes his on-and-off again girlfriend Jen (Anna Claire Clouds), his boss has had enough and finally fires him. With his ex-wife Kelly (Katrina Colt) looking for alimony and his horny MILF landlady Rochelle (Christy Canyon) hounding him for the rent, Dennis is running out of options. In the spirit of the holidays, Kelly throws Dennis a bone by hiring him to play Santa at her and her new husband's (Charles Dera) Christmas party. But when a trio of rag-tag thieves burglarize the house and tie up his ex. Dennis will have to prove he's more than just a lazy prick with a big dick if he wants to save Christmas.