Trailer of the Day: Elves

I know it's a little past Christmas but seriously, what the hell is this! Even though I know better I have trouble believing this is a real trailer, let alone an actual movie. This is something someone made in tribute to old trailers, right? RIGHT?!?

Anyway, if you couldn't discern the plot from the above clip let me help you out. Neo-Nazis resurrect demonic elves so they can impregnate a virgin and produce a master race which will rule the world, Grizzly Adams must stop them (he's also a former detective, now mall Santa).

I can't decide if this is the worst movie idea or the best one.