For the .2 there are no holes. It's a motorsports part, everyone has them as noted above.

They are much softer, they curl up and all and get bashed to hell, but nothing some shoe polish like stuf can't fix and just buy a new one every few months if it bothers you. I got one of a CUP car that ran Daytona and never replaced it. Look OK.

 

Well, after owning the car for 18 months my front spoiler was a mess.
So, I finally replaced it. Probably should do it more frequently tho.
Mr. B

 

I finally have an excuse to replace the CUP lip after going off T12 at Road Atlanta ;-)

 

Ah. Mine is all due to scraping in my own driveway!!
Mr. B