Kitty and Stud are lovers. They enjoy a robust sex-life, which includes fellatio and light S&M, specifically, Stud belt-whipping Kitty. Three women come over for a party and Stud services them, one after the other.
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Yes! Stallone really did make a porn film before he became famous. It was re-released after Rocky came out. Not quite "Rocky", but more entertaining than most of his other films. You can see the re-release trailer on MUBI!