Close. It's from Santa Claus Conquers the Martians.
I saw the movie at the Loew's Grand Theater in Atlanta, Georgia as a child (okay, so I didn't get to see the premiere of Gone with the Wind at the Loew's Grand - but Santa Claus Conquers the Martians was fifth on my list).
Don't remember why were on a trip, but my parents decided they wanted to go Christmas shopping and dropped off the kids for a movie.
Contrasts of the HUGE theatre (2,000+) seats, cheesy film, and about 70 kids switching seats, throwing Walnettos, Raisinettes, and Jujubes, and the sound of 140 tennis shoes popping as they unstuck from the dried-Coca-Cola film on the concrete parts of the floor in front of the seats . . .
YouTube: MST3K - Best of Santa Claus Conquers the Martians
I think they would have had more money for the screenplay if they hadn't spent so much money on costumes and special effects.
