I found this movie as a bonus feature on the DVD of "Preppies" (German release). The quality was pretty crappy but still watchable. And I was surprised that this movie is way funnier than the other movie!
The film starts with a crime scene at a pool, but as soon as we change the location to a courtroom (kinda) and a bunch of party people starting to explain what happened. And from here on (as a flashback) it is just a big party of Hollywood producers and we get from one funny scene to another.
And there are a lot of beautiful women, who all get undressed one way or the other. Besides a lot of boobs we also get a few full frontal nudity shots. Nothing goes really hardcore here, but it could bother some people. Just keep in mind, that this is a Playboy Channel production, so this could be expected.
I had a really fun time with this, the jokes are really good and I was laughing a lot. The image quality wasn't the best, I think they just used an old VHS rip. The complete movie was dubbed in German and it was good translation (although a few jokes were not working with the German language... for example the name of one character is Bill and the Chinese food delivery boy wanted the bill to be paid - and that made for some really damn funny mix-ups, but in German the word for "bill" is completely different).
Another thing that might bother some people is, that all female characters seem to be pretty stupid. And I mean reeeally stupid. Back in the day it might have been funny, but this is outdated. If you turn your brains off (like I did), this is still laughable. But keep in mind, this is an old fashioned sex comedy.