Was there a hot young redhead/blonde high school teacher in this?

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Nancy Valens. Quite a babe back then.

I just remember one scene with one of the boy's father's auditing the class and seeing how super sexy she was and how the boys were scoping her out and he just shook his head, "noooooooooo".

Also some fantasy with her skiing down a huge wave or mountain or who knows what. Excellent fantasy to have!