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Olivia Newton-John and John Travolta ring in the holidays with their I Think You Might Like It video -- and don't pass up the chance to show off some of their Grease moves.

Travolta's family, wife Kelly Preston, their daughter Ella Bleu and baby Benjamin, also get in on the fun with the loads of dancing. I Think You Might Like It is off the duo's 12-track holiday album and was written by John Farrar, who wrote Grease's You're the One That I Want.

Travolta, 58, and Newton-John, 64, showed up on Ellen DeGeneres' show this week to chat about the album. "For the record, we did it over three months, and then of course, we had these gorgeous guest stars -- Barbra Streisand, James Taylor, Tony Bennett, Cliff Richard, Chick Corea and Kenny G," Travolta revealed. "All the proceeds go to our charities and they knew that, so once we told them that, I think it even was more impetus to help us."

The actress/singer just opened The Olivia Newton-John Cancer and Wellness Center in her native Australia, while Travolta has The Jett Travolta Foundation in honor of his late son.

Check out the music video and let us know what you think of the latest track off the duo's Christmas album.