Upon deeper inspection, it also carries all those conventional visual and narrative details we come to associate with stories about the holidays: the obligatory wintry landscape where iron lampposts barely light the streets behind blankets of falling snow; the old Scrooge-like humbug (an old lady obsessed with money and cruelty played by Polly Holliday); a mute housewife (Frances Lee McCain) who engages in all the ordinary holiday pastimes, including watching “It’s a Wonderful Life” on a kitchen television while baking cookies; and the local bar where citizens exchange those silly or vulgar anecdotes that aren’t very funny unless you’re in on the joke.
We see actual clips of "Snow White and the Seven Dwarfs," "It's a Wonderful Life" (which Billy's mom amusingly refers to as a "sad movie"), "Invasion of the Body Snatchers," and "To Please a Lady."
A great Christmas film can be shown in late December and any other time during the year, qualities shared by the best of all Yuletide movies, It's a Wonderful Life and Gremlins .
Imagine a berserk film editor splicing ''It's a Wonderful Life'' to ''Invasion of the Body Snatchers,'' with quoting from ''Snow White'' and a nod to ''The Texas Chainsaw Massacre.''
This is probably because Joe Dante’s Christmastime children’s fantasy is so gleefully mischievous and full of dark, magical energy that it’s hard to look past the plush-toy cuteness of Gizmo, the sweet romance between Billy (Zach Galligan) and Kate (Phoebe Cates), or the stream of reverential allusions to The Wizard of Oz, It’s A Wonderful Life, producer Steven Spielberg’s E.T., and the Looney Tunes cartoons (replete with a cameo by famed Warner Bros. animator Chuck Jones) from which Dante lovingly draws inspiration.