National Lampoon started out with a bang in ANIMAL HOUSE way back in 1978. Caddyshack has some moments..but they went downhill right after Doug Kenny killed himself shortly after the release of Caddyshack.
Apparntly, your production company can pay National Lampoon to slap on "National Lampoon Presents" for a modest fee now adays... this explains why "National Lampoon presents: Jake's booty Call" Based on a flash animated web series.. which they turned into a 90 minute film. A film that got a theatrical release... a flash animated full length film.. Im not kidding.
I won't bother sharing the "plot" or "story" as there is little to none. But you can imagine that a full lenght flash animated movie on the big screen didn't go over too well.
Can you name your "favorite" National Lampoon "presents"?
Interesting. The full story and a list of titles on wikipedia:
https://en.wikipedia.org/wiki/List_of_National_Lampoon_filmsI've never seen a "National Lampoon Presents" film, but I've seen the titles pop up on Tubi and such.