"People will say, 'Did I go to high school with you, or something?' and I'll say, "I don’t know, maybe!" Lloyd said, laughing. "It's one of those films that when anyone that does recognize me it's because they really enjoyed the film. It's those people that watch it every year and are true fans of it.
"It's very humbling, the fan base," he added. "They really do love the movie, so it doesn’t bother me at all."
In 1994, Lloyd landed the lead child role in "The Santa Clause," where his father, played by Tim Allen, accidentally kills Santa and is forced to take his place and deliver presents on Christmas Eve.
With the help of his mom jogging his memory, Lloyd said he can still remember being a 7-year-old playing in Santa's workshop.
"It was probably one of my favorite parts [flying with the elves]," he added. "I wish I was more like me now, back then. I was a little timid, but it was pretty much special effects. They would just put us on wires in front of the green screen and let us fly. The E.L.F.S. squad were stunt kids, so they were used to it."
Playing opposite of one of the biggest comedic stars of the 90's, Lloyd said he got along great with Tim Allen and the rest of the kids on set -- many of them who played Santa's elves.
"He [Tim Allen] was definitely hilarious on set," Lloyd recalled. The comedy "was a little over my head being a kid, but it was one of the reasons the movie worked so well. Paige Tamada [Judy the elf] and David Krumholtz, who played Bernard, were pretty much two of my best friends the whole time."
Though filming went smoothly for the most part, Lloyd revealed an off-set incident that forced producers to make last-minute changes to the schedule.
"The next day that we were shooting, we ended up filming scenes where they didn't feature me talking, really," Lloyd added. "We filmed the montage getting Santa ready for Christmas and the choreographed walk."
Lloyd went on to complete "The Santa Clause" trilogy alongside Allen, with "The Santa Clause 2" in 2002 and "The Santa Clause 3: The Escape Clause" in 2006.
"I didn’t necessarily think it was going to be as big as it was," Lloyd said. "I got a renewed sense of pride in it when I saw the 20-year reunion video. You don’t really think about how a kid's movie like that would be made today -- with the idea of divorce in there, the dead beat dad and the intense humor. It makes me think of what a staple it is in the holiday film genre, so I'm definitely happy I was a part of it."