As the title states it was a softcore / b-movie parody rip off of Baywatch. I know towards the end of the movie there was a bikini contest and the CJ (Pamela Anderson) character was a total b***h with a couple of flunkies it was shown on bravo channel in the UK and it was softcore erotica or edited to be so for TV
Maybe Babe Watch: Forbidden Parody (Also known as “Bikini Academy”).
http://www.imdb.com/title/tt0115604/
A contest happens in that movie (“Worlds Smallest Bikini”).