During an interview, someone mentions that it is hot, so Keith Moon starts taking his clothes off (he does this to joke around and be zany/funny). There is a momentary shot of him in just his underwear, but it cuts away quickly (later he has his clothes back on).
In the movie, you see a quick scene in which Keith Moon gets whipped by a woman with leather panties and no shirt except a vest that is unbuttoned. It is revealing and you can see her breasts.