Wayne and Garth discuss their admiration of an attractive woman, making numerous puns on the word "babe" (i.e. "Babia Majora", "Baberham Lincoln", etc.) Played for laughs.
A woman is seen riding (and falling off of) a bicycle in very tight spandex shorts. Mild cameltoe is briefly visible when she stands up. It's not noticeable unless you're specifically looking for it.
Several jokes and puns contain obvious sexual innuendos. For example, when Benjamin is ordering Chinese food, Wayne says "I'll have the cream of some young guy" (pronounced to make it sound like the name of a Chinese dish).
A man is pulled over by a police officer, and it is implied that he is subjected to a body cavity search (the man is bent over the hood of his car and the police officer puts on a glove). Nothing is seen. Later, the man is seen walking with an awkward gait, implying that his butt hurts from the cavity search.
It is implied that Wayne and Cassandra have sex after a scene although it's very very mild, where Wayne and Cassandra are in bed joking but not sexual (no kissing). He jumps on top of her playfully and a caption reads "gratuitous sex scene". Played for laughs.
Wayne pulls his underwear up, so we can see most of his butt. Played for laughs.
A couple are seen making out in the background.
In some scenes, when attractive women walk past, Wayne and Garth exclaim "schwing!" Played for laughs.
During a TV interview, Wayne holds up cards pointing to a man he is interviewing. These read "he blows goats, I have proof" and "this man has no penis". Played for laughs.
Garth has a 'dream woman', an attractive girl who he sees at the bar and fantasizes about. In one scene, Garth dreams he is dancing over to her singing "Foxy Lady" and they look at each other suggestively.
Cassandra is seen with a revealing swimsuit on, and comes over to Benjamin , also in a swimsuit. She says "last night was the greatest night of my life", implying they had sex.
Garth is seen looking around in Benjamin's apartment, and he finds a pack of condoms. He reads "ribbed for her pleasure... eww!" Played for laughs.
Cassandra is seen in a revealing outfit. Benjamin holds a snake next to her, and it extends towards her chest. She doesn't look, and asks, "is that you, or the snake?" implying he is trying to touch her.