The underground deal between Larry and the toy store owner pays homage to the first Jingle all the Way where The Turbo Man doll is presented to Schwarzenegger's character in the same fashion atmosphere; with both exchanges being barged in by the cops.
The scene where Larry and Claude ride the bull. Claude lasts only one second on the bull. Santino Marella, in WWE, lasted only one second in the Royal Rumble before being eliminated.