I actually own a copy of this VHS. There's only one elf in the entire movie and he's a Nazi. If I remember right he's trying to bang this chick cause she's the only virgin in town whose grandfather is also her father (?!) and if the elf bangs this girl at midnight on Christmas Eve then their child will be the Antichrist!
I scanned the backcover of my VHS for you...http://i77.photobucket.com/albums/j71/antihuman666/Elvesbackvhs.jpg
I cant believe they even try to cheat people by showing TWO elves on the back!