* CompleteMonster: Loki is depicted as an aeons-old [[GodOfEvil Demon God]] banished by Odin centuries ago. Escaping from his PrisonDimension into Valhalla and seeking the Hammer of Invincibility, Loki massacres the guards in Odin's palace and unleashes his army of ''[[{{Kaiju}} lindworms]]'' to devour the inhabitants of Valhalla, as he searches for the hammer, gleefully killing everyone that gets in his way. Challenged by Odin, Loki uses his [[MasterOfIllusion illusion powers]] to trick Odin into killing his older son Baldir. and then kills Odin by stabbing him InTheBack. After learning Thor and the Valkyrie Jarnsaxa had escaped to Los Angeles with the hammer, Loki follows Thor, unleashing a wave of destruction behind him as he orders his monster army to lay waste to LA, and then killing Jarnsaxa and casting Thor into Hell, before unleashing Ragnarok to destroy Earth and intending to do the same on every other world in his attempt at universal conquest.
* HilariousInHindsight: Many events in this Thor-knockoff somehow ends up in the ''actual'' Thor sequels.
** Both ''Almighty Thor'' and ''Film/ThorTheDarkWorld'' had a climax involving monsters from Asgard being unleashed in an Earth city, and Thor taking on the villain in a fight-slash-chase sequence.
** Loki's entrance in ''Almighty Thor'' mirrors that of Hela from ''Film/ThorRagnarok'', emerging from a portal and then challenging the Asgardian military, which he / she defeats in a one-sided CurbStompBattle. Also, Loki unleashed ''Ragnarok'' at the end of this movie. Not to mention Thor being banished to a FireAndBrimstoneHell that somewhat resembles Surtur's lair and receiving a HeroicSecondWind in both ''Ragnarok'' and this movie allowing him to defeat the villain of the picture.
** It gets even better in the scene where Thor loses his weapon and have to forge a new hammer from the fires of hell to combat the main villain. This film's Marvel counterpart did ''exactly'' the same thing in ''Film/AvengersInfinityWar''.
* {{Narm}}: Truckloads of it.
-->'''Thor''': Damn the fabric of the universe!
** Just the general idea of having Norse gods using Uzis....
* SoBadItsGood: The movie's production value may be low, but it's entertainment value is still high. Not in a good way, though.
* SpecialEffectsFailure: The ''lindworms'' monsters resembles monsters from an early [=PlayStation=] 2 game. And that's even before getting into the city destruction scenes that looks like special effects from 1999.
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