Four Spanked Ninjas
This appears to be some sort of remote-control spanking situation, involving the ninjas from Mortal Kombat:
Artwork is by AltCor.
See Also:
Spanking Blog: Adult Erotic Spanking At Its Best
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How It Started And How It's Going, The Movie:
Wild Party 2: Five Very Sorry Girls
"...thirty vicious cane strokes for each delinquent young woman caught drinking on school grounds..."
