Alternate Aesop Interpretation: The failures of Patch's attempts to modernize production are treated like a lesson on Good Old Ways. However, they are consistently shown to fail due to him and his (untrained) operators not anticipating the need to inspect and maintain equipment, exacerbated by a complete lack of quality assurance testing. It's like the Too Incompetent to Operate a Blanket part of a manufacturing training video.
Big-Lipped Alligator Moment: Even by the somewhat nonsensical standards of the movie's second half, The Patchmobile Launch is patently bizarre. From the silly launch sequence, to B.Z. and staff cheering Patch ENTIRELY too long for the segment, to Patch yelling "YAHOO!" as he launches (in a voice completely different than Dudley Moore's, and utterly out of character for the low key inventor elf)... it's just a very, very surreal sequence to observe.
Covered Up: Hands up New Edition fans: How many know that the title track of of their 1985 EP Christmas All Over the World is actually a cover of the Award-Bait Song from this movie? It doesn't help that unlike that EP, the movie's soundtrack has never had a CD or digital release, so only those who know the movie know much from Sheena Easton's version.
Cult Classic: It was no box office blockbuster, but is one of the better-remembered Christmas films of The '80s. It helps that it's as close as Christmas-themed fantasy cinema has ever come to a full-out Epic Movie. And while it's clearly a film of its time, the sincere approach to the story and characters (especially in the first half) has aged well.
Hilarious in Hindsight: Meta example: In 1985, the Product Placement for McDonald's and Coca-Cola was criticized as excessive, to the point it's discussed in the DVD commentary (the director arguing that it adds some real world detailing to Joe and Cornelia's first scenes). Three years later, Mac and Me would show the world just how far Product Placement for McDonald's, Coke, and other products could be taken...
Scenery Porn: Much of the North Pole/Santa's workshop is practically dripping with atmosphere, making the contrast between its warmth and life and the cold, empty factory of B.Z. that much more powerful.
What an Idiot: Why would B.Z. be stupid enough to deliberately make teddy bears stuffed with sawdust and nails when regular old cotton/polyester filling is actually cheaper? Does he want to bring himself to financial ruin or something?
There's also the matter of setting the price point on his candy canes so ludicrously high that most children wouldn't be able to afford them. Unlike the standard Corrupt Corporate Executive MO (doing evil in the process of making lots of money), B.Z. seems to be in it solely For the Evulz at the expense of actually turning a profit!
No one thought to test the mass-produced toys before sending them out.