In general I really like the humor of Porta Dos Fundos, I'm not a big fan, but I like some videos and there was a time when I followed the YouTube channel a lot.
I liked the film, it is a very well produced film, a good art direction and with a humor that works (even if not all the time). It's the default humor of Porta Dos funds, if you don't like that humor you will hate the movie, I liked it even though it was lost in some moments and too strong in some parts, especially in a joke that is just a lot of bad words without nexus and that is not funny at all. They do a parody of the program Cidade Alerta, a part that I found very funny and has good humorous points.
However, the film ends with a musical that is completely meaningless, dull and weak. As for making fun of religion, I don't see myself apt to criticize that part, because I'm not religious, but I recognize that those who are very religious can be offended.
Theocracy in Vertigo is a cool film, nothing more, without many surprises, just good entertainment with some jokes that don't work or aren't funny, a great production. I don't think it's their best Christmas special, but for those who like this kind of humor, they will have fun.