The live performance of "Holiday" showcased in the video is part of Green Day's concert film "Awesome as F**k," which was released in 2011. This album primarily features live recordings from their 2009 tour in support of their eighth studio album, "21st Century Breakdown." The band was at a significant point in their career, having experienced renewed fame following the immense success of their 2004 album "American Idiot," which had cemented their status as one of the leading punk rock bands. The era surrounding "Awesome as F**k" highlights Green Day's strong stage presence and their ability to connect with audiences, evidenced by the high-energy performance of "Holiday." This particular song reflects the band's signature blend of punk rock and political commentary, showcasing their creative evolution and popularity during this dynamic phase of their career.