Vanessa Hudgens Made a Holiday Themed Sex Tape?

The rumor mill is buzzing again! Guess those nudey pics of Vanessa Hudgens weren't hairy enough to boost her career, because now the HSM star allegedly has a sex tape!

Sources say the 45 second video was taken on a cell phone. Hudgens is shown sitting under a Christmas tree wearing only a red Santa hat and red thong decorated with mistletoe.

'I want Santa to come up my chimney because I've been a good little girl this year,' Hudgens says.

Wonder if that comment made Zac jealous.