Something so intrinsically "bad" has never been as immensely watchable. It deftly walks this insane balance between surreal fantasy boxing antics and glorious 'realism' of stunts and kung fu action. Extra props for stealing music from Kraftwerk without asking, and inventing the whole punk-kung-fu intense aesthetic by accident.
Not nearly as elegant as Shaw Brothers. What it lacks in structure and cohesion to the immensely satisfying syntax of this genre, however, it makes up for in zaniness. Extending arms, decapitations, xenophobia -- it's got a lot of fun, goofy stuff but there are genuine, unironic aesthetic pleasures to the best martial arts films that Flying Guillotine lacks.
Not the most sharply directed film. But what's really impressive is the number of characters the film manages to string together in it's brief run time and the amount of personality it actually endows each character when much of their action is limited to a few fight scenes. The final fight is one of most entertaining set pieces in a confined space that I've seen. Though, I was rooting for the master the whole film.