A shipment of Go-Go Weiners gets contaminated with the aphrodisiac Spanish Fly. This incident in turn causes an epidemic of wild and wanton lovemaking throughout New York City by people who eat the tainted hot dogs.

Carol Scrooge, the curmudgeonly owner of a sleazy skin publication, insists that her employees work on Christmas. However, on Christmas eve, Miss Scrooge is visited by three ghosts, each of whom shows her a different vision of Christmas, from Carol's lurid past of sexually manipulating her childhood friends to the meager Christmas celebrations of her present-day employee, Bob Hatchet and his wife, to a terrifying and sleazy vision of Christmas yet to come; each visit is infused with a barrel of laughs and a valuable lesson about the importance of giving and holiday spirit.

Oliver has a wife and a mistress -- quelle surprise!! Maude, his wife, decides to let him have his fun as long as she can control them. She brings Florence, a very attractive 18 year old, to live with them and to seduce Oliver. The plan works, and Oliver soon gives up his mistress for the younger Florence. As the plot develops, Florence not only captivates and controls Oliver, but Maude as well.