The December 1987 issue of is a notable collector’s item, recognized primarily as the Special Christmas Edition . It features iconic photography and significant long-form journalism typical of the magazine's peak era. 📸 Key Visuals

An in-depth conversation with the legendary Hollywood actor.

Be aware of sister publications from the same month, such as Penthouse Variations , Penthouse Forum , or Penthouse Letters , which are often listed separately on eBay.

💡 Collectors often seek this specific issue for the "Special Christmas" branding, which makes it a popular gift item for enthusiasts of vintage media.

The issue includes several high-profile interviews and investigative articles:

An article by Eric Nadler exploring contemporary political scandals.

Features "The World According to Reagan" by Jonathan Kwitny and "The Contras and Cocaine" by Brian Barger.