Continuity mistake: When Monica is at the party and she is drunk, there is one point when she is sitting down on a chair with Chandler on her right. Chandler is holding her left hand (which has a snack in it), but when it cuts to a front view of Monica, suddenly both her hands are on her lap.
Continuity mistake: In the final scene Rachel passes out copies of her draft for her book. She gives out all her copies and asks for their opinion. However, near the end of the scene after waving her arms around empty handed a copy of her script magically appears in her hands.
Continuity mistake: After Chandler says "Merry Christmas" to the gang, they all respond - Phoebe just goes "blargh blargh", and has her hands in her lap. They all turn to look at her, and suddenly her hands are resting on the sides of the stool.
Visible crew/equipment: When Monica shuts the TV off while watching skiing, there is a closeup of the screen as it goes blank. You can see reflected in the blank screen an image of a man in a long sleeved shirt and tie, who does not correspond to any of the characters in the room.
Continuity mistake: During the song at the beginning of the episode, keep your eye on Ross's mug. He is holding it in his lap, then there is a shot of Monica with Ross's empty saucer on the table. In the next shot, the mug has appeared on the saucer.