Sad thing is, it sounds like the film was better without the forced NBC references and that awkward and pointless forced bit about the Crock Hunter (dude died... it wasn't too funny when he was alive, anyway). Too bad I bet it makes the fact Fozzie almost passed out from the tranq dart make no sense.
In hindsight, this movie was pretty good and it showed that the Muppets could be capable of something more Muppety than MCC and on the whole, better completely than MFS. The Muppets does put it to shame because that film isn't mired down in Christmas movie parodies. But here's the thing. When VMX came out, the Scary Movie franchise didn't turn into the ultra garbage of bad MadTv wanna be skits shoved into a 90 minute reference-a-thon. Nonstop pop culture references didn't get stale and annoying quite yet, and they still flew. It makes the humor of the movie very dated, but again... in hindsight.
However, there are some very poignant moments in this film that were the Great Muppet Turn Around. Kermit, who seemed to get more and more lobotomized in every movie since MCC (forgivable, since Tom Cratchit's a freaking doormat, not so forgivable with the barely there Kermit in MFS), FINALLY had scenes of snapping, yelling, and being the same Kermit from the World of T-Shirts/Count operates an Elevator/Piggy brings up marriage at an inappropriate time skits we all know and love. Not to mention that, through all the alternate universe lulz there were, the scene where a Kermit-less Piggy is a broken down wreck was a refreshing bit of heart in the Kermit/Piggy relationship.
But if there's one thing us Muppet fans forget, the ratings for this were HUGE. This special was about the time of the BIG Muppet comeback when the Palisades line popped up, and all that weird merchandise came out of the 25th anniversary of the TV show. Unfortunately, there's also the sore point that this was the special that was going to lead to others, but none of them came into fruition until MWOZ... and we all know what happened after that. Especially since there were better telefilms and specials being tossed around at that time.