Amazon is offering up the digital rental of the classic Christmas comedy sequel National Lampoon’s Christmas Vacation, starring Chevy Chase, for only $.99.

Once you activate the rental through Amazon’s Instant Demand service, you’ll have access to the movie for 48 hours. If you’re interested in purchasing the digital version, the cost is $9.99.

Also, if you’d like to own a physical copy of National Lampoon’s Christmas Vacation, the Blu-ray is $12.99 and the DVD is $13.99. The Blu-ray Edition is part of Amazon’s “Buy This DVD and Watch it Instantly” program “” you get the film as a FREE digital rental you can watch immediately when you purchase the physical copy.

With his run on NBC’s Community revitalizing his long-running career, actor Chevy Chase is looking to use this new stock to move forward a long talked about reboot of one of his most beloved franchises.

In speaking with Collider, the actor revealed that he has an idea for a possible reboot of the Vacation franchise, that sounds a bit different from the script that is currently being put into production.

Every day, Amazon offers up “Lightning Deals,” limited quantities of various products for a discounted price for a 4-hour window of time. You have to be on the lookout for these deals and once the item runs out within that four hours, the sale is over. Meaning, if you see something on sale that you want, buy it immediately before it’s gone.

Typically you don’t know what will be on sale until the minute it gets posted, but as part of their Holiday event, Amazon has released this week’s Lightning Deal schedule for Movies & TV on DVD and Blu-ray. See below for a list of today’s deals — which begin at 8:30am PST and run through 9:30pm PST — along with more information on how these special deals work. The last deal goes up at 5:30pm PST.

There’s also TONS of extremely low prices and great deals on DVDs and Blu-rays right now, so visit the TOP HOLIDAY DEALS page to see the wide selection.

Also, Amazon’s Blu-ray box set deal of the week is the Glee: The Complete First Season Blu-ray Edition for only $34.99 (that’s 50% off the list price of $69.99). The TV Deal of the Week is Married…with Children: The Complete Series DVD box set for only $116.99 (that’s 53% off the list price of $250.95). Both deals are valid only for this week through December 18, 2010.

WEDNESDAY, DECEMBER 15, 2010

5:30 a.m. – 9:30 a.m. PST

The Karate Kid (2010)
DVD – $9.99

The Karate Kid (2010)
Blu-ray – $13.99

The Karate Kid (1984)
DVD – $6.99

The Karate Kid (1984)
Blu-ray – $11.99

The Karate Kid II
DVD – $6.49

The Karate Kid II
Blu-ray – $11.49

Every day, Amazon offers up “Lightning Deals,” limited quantities of various products for a discounted price for a 4-hour window of time. You have to be on the lookout for these deals and once the item runs out within that four hours, the sale is over.

Meaning, if you see something on sale that you want, buy it immediately before it’s gone.

Typically you don’t know what will be on sale until the minute it gets posted, but as a prelude to Black Friday, Amazon has released today’s Lightning Deal schedule for Movies & TV on DVD and Blu-ray. See list of today’s deals here below, along with more information on how these special deals work.

MONDAY, NOVEMBER 22, 2010

4:30 a.m. – 8:30 a.m. PST

Up in the Air
DVD – $6.99

The Men Who Stare At Goats
Blu-ray – $8.99 | DVD – $7.99

The Ultimate National Lampoon’s Vacation Collection
DVD – $13.99

4th Row Films has announced that they have acquired the rights to develop a feature-length documentary that will share tell the complete story of one of the more beloved banners in comedy history, National Lampoon.

National Lampoon began in 1970 as a comedy magazine, branching out from the Harvard Lampoon (which was started at Harvard University in Cambridge, Massachusetts in 1876). Since then, the name has gone on to spawn many books, albums, shows, and of course movies — most notably of which were Animal House and all of the Vacation movies with Chevy Chase and friends. Since those great early days, sadly, many complications, financial troubles, and exchanges in ownership have resulted in the steady decline of quality and a pile of straight-to-DVD movies that don’t deserve to wear the National Lampoon title.