Hahaha, I just learned about this one…
“The Santa Clause” (1994)
The theatrical and original VHS version had a scene with Tim Allen talking to his ex-wife and she gives him the phone number where she’ll be spending Christmas. Allen looks at the number and makes the joke, “1-800-SPANK-ME. I know that number.”
They had to cut the scene after a couple kids actually called 1-800-SPANK-ME and were redirected to a 900 number phone sex line and racked up over $500 in charges.
Source: http://www.cracked.com/article_22820_6-inappropriate-moments-wisely-cut-from-famous-movies.html (#2)
Scene in question: http://www.youtube.com/watch?v=GspSdNkoD8Q
The BBC aired this today (upscaled, I think) and I set up my PVR to record it, just on the off-chance that the “wrong” version might slip through and my optimism paid off! They screened the original theatrical release with the infamous gag included. Interesting that Disney have omitted the scene from the DVD (and now Blu-Ray) releases but they’ll supply the film uncut to TV companies.
Anyway, if there’s enough interest, I could make it available somewhere…