At the suggestion of HeroHog, here is the APS cult classic film thread. Tell us your favorite film which never qualified for an Oscar nomination, is pretty bad but has good parts, or is just so bad it's awesome. Two favorites of mine:
Lone Wolf McQuade. Chuck Norris as Bad-ass Texas Ranger vs. gun runner David Carradine. Climax is a much anticipated martial arts battle between the two. Key bad points...a dwarf bad guy, the death of Chuck's pet wolf, and some really bad acting.
Wanted Dead or Alive. Rutger Hauer as ex-special agent turned bounty hunter vs. Gene Simmons as the Arabic terrorist. Highlight...a cutdown 12 gauge hidden in a modified c child seat, and fun with grenades.