Wasn’t there a Lobo movie?
Yes and no. There was a 13-minute American Film Institute student film based on Lobo’s Paramilitary Christmas Special made in 2002. It starred Andrew Bryniarski as Lobo. More details about the movie can be found on the Internet Movie Database. While it hasn’t been officially distributed, you can often find a copy on eBay and other online auction sites. It may also be available through the various peer-to-peer file-sharing networks, such as Gnutella and eDonkey.