OMG I remember this film.

I remember being in the 4th grade watching this movie at a friends house on HBO.
It was so terrible(but most movies in the 70's - 80's were).
We would sit there and clown, and make up stuff about the movie, and JT Striker.

When he is in the Catacombs, or wherever his is, to get the key or crown?
we used to make stuff up like:
Red "Ferrari" jacket, was flame proof, because he got hit in the stomach with a fireball.
His motorcycle racing gloves gave him ultimate dexterity.
and of course his pants with the tear off C4 plastic explosive strips.

I have always wanted to write a story or sequel if you will.

Thanks for the memories guys..