Specialty filler with a capital F.
The only level this one might possibly work on is as a sorta half-ass, amateur quality instructional guide for aspiring tops. Because as a voyeuristic experience, it's a crashing bore.
Master Len teaches someone billed as "Mistress" Tawny (we put the Mistress in quote marks cause she quite obviously hasn't topped a Goddamn thing in her life, and doesn't one have to earn such props?) how to bind, flog and otherwise dominate slave girl Nicole, who, like Len, at least looks like she has experience at this sort of thing.
But with lots of dead air, a single camera set-up, behind-the-scenes-like, matter of fact discussions among the three about what they're doing, it's all about exciting as an SM for Dummies course. School's out forever.