It's good to have your priorities in order.
James woke up to find his house burning and only time enough to grab one thing.
James wants to save his most valued possession.
James grabs a folder with all his most critical documents (social security card, mortgage agreement, etc.).
James snatches his stash of porn magazines from underneath his bed.
The firefighters tell James they're glad he was able to keep his documentation with him.
The firefighters are amused and dismayed by what James choose to save.