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.