In 1996, Mila Kunis appeared in Santa With Muscles, starring Hulk Hogan as an evil millionaire who, after getting amnesia, thinks he is Jolly Old St. Nick. Brenda Song is also part of the cast.
According to Wikipedia, “The film grossed $220,198 during its 2 week run at the box office. Reception for Santa with Muscles was negative, and it is currently listed on IMDb's bottom 100 movies.”
I will hunt down this video and add it to my list of awesome holiday movies.