Here's another 'peeping tom' spanking scene from an otherwise ridiculous motion picture, "Sorority Girls in the Slimeball Bowl-a-Rama."
This clip doesn't show the beginning of the two pledges being paddled by their pledgemistress (who obviously enjoys plying her paddle). My complaints with the scene are that [1] there's too much camera time for the three doofusy guys spying on the paddlings, as opposed to the actual wood-on-flesh impacts; and [2] of course, the young ladies' derrieres should be totally exposed to the paddleswats.
However, IMHO it's still a pretty solid scene overall--and it occurs near the beginning of the film, of which it is the only redeeming feature...

--C.K.
http://www.youtube.com/watch?v=QW3SWml10ik