How bad is it? It just might be the worst parody I've seen.
Should you see it? No.
Satire using animation and dolls is not easy and this film proves it. Meandering sloppily from one half-formed idea to another, this film has George W. Bush seeking the blood of Jesus (who at one point rapes himself in crucifix form) and fighting Vlad the Impaler. Jesus gets shot down by a Nazi plane (there's a Nazi Starship Enterprise) and Rudolph the Red-Nosed Reindeer kills Nazis with his mind. But most of the film is Barbie dolls with enough pubic hair to make Borat proud. Thinking that trying to be offensive and outrageous - and failing - is funny, one ends up seeing that dolls are being animated by visible hands. Jokes need set-ups. And payoffs. And execution. And interior logic. And you get the idea: I did not enjoy this film any more than any other by Bill Zebub, whose name is about as clever as he gets. This is a film made by 9 year-old intellects for 9 year-old intellects and is already badly dated.