Demoness from Thousand Years (1990)
A thousand years in the past an old bearded giant white eyebrows guy is doing battle with a witch with a V on her forehead. He is aided by two "fairies" who capture a "bead" or glowing fx ball. We are suddenly in 1990 and join the side splitting Captain Mambo HK police something or other and his crew of mugging goofballs. While they are supposed to be investigating headless corpses, Mambo meets one of the "fairies" who is being chased by the witch/demoness for the "bead".
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If you don't like this, we can't be friends.
I cannot think of one single thing that I would change about this film. The acting is incomparable, the directing deft, and the writing poignantly brilliant.
Blistering performances.
The tone of this movie is interesting -- the stakes are both dramatic and high, but it's balanced with a lot of fun, tongue and cheek dialogue.