Common Sense Note
Parents need to know that sex and spying go together here, in almost comical degrees. The tone is set when James Bond and his counterpart, the Russian woman superspy, are introduced with matching bedroom scenes. She even goes by the code-name XXX, which was a common ad hype (not an official MPAA rating) used for pornography. There are numerous deaths from bombs and machine guns, and a giant assassin who kills people by biting.
Nude women (some in silhouette, some not) cavort in the trippy opening-credit montage, and female characters throughout wear bikinis and revealing gowns. There's a brief glimpse of the heroine in the shower. James Bond is a tireless lover as always, and is shown in bed with various lethal ladies. Sexual interludes are described in heavy euphemism and innuendo.
Much hand-to-hand fighting, kicking, and falling from great heights. Soldiers open fire on one another with machine guns, grenades, bombs, even nuclear weapons. The addition of an assassin who kills by biting people to death (non-explicitly) is a nasty touch. A woman is fed to a shark.
Bond accepts a harem girl as a sex offering from an old school friend. Of course, 007 is smart, heroic, and resourceful otherwise, and he even saves the life of a female Soviet agent out to kill him (of course they go to bed thereafter). This heroine is set up to be the equivalent of Bond, but when it comes to the tough stuff, she still needs lots of rescuing.
Sportscars and wristwatches get special attention, and there are sly references to other movies (Lawrence of Arabia, Dr. Zhivago, For Your Eyes Only).
Drugs / Tobacco /
Recreational drinking and smoking (the heroine's cigarette smoke being a tranquilizer weapon).