I saw this when I was 5 and feel in love, I thought this was one of the coolest movies ever (until my cousin broke the VHS) and now the DVD has come and I give my full review.
You got to love it or got to hate it. I thought it was so funny how the film treated itself so seriously (come on, you can't say quack fu with a straight face). I still watch it whenever I can, so it's great for younger kids, but it gets a bit iffy with the sex (Beverly almost has sex with Howard, Beverly finds a condom in Howards wallet, see couples making out at a bath house, etc.)
But if you remember this from your childhood, by all means watch it