Every fight Jason has against Freddy is this. Seeing Krueger beaten up, limbless, and desperate to survive makes any viewer satisfied that karma is totally manhandling Freddy's third-degree-burned ass. Those fights pale in comparison, however, to Freddy vs. Jason at Camp Crystal Lake:
Freddy realises he's been pulled back into reality. This sucks enough, but then the majorly pissed Jason kicks in the cabin door as the place burns around them, the music starts playing, and it's one of film history's greatest Oh, Crap moments. It's awesome.
Freddy fires propane tanks at Jason like torpedoes — and most of them zoom past Jason as he does an Unflinching Walk.
Once the fight is near its end, the two keep fighting even after they have clearly worn themselves down to almost nothing. Freddy slowly slides the machete into Jason's chest. Then Jason rips Freddy's freaking arm off. By this point, it could be argued that they have mangled each other worse than they have any other victim in the past, just due to the sheer fact that they're both so hard to kill.
When Lori and Will ignite the gas tanks at the dock, Jason and Freddy both share a weary Oh, Crap as everything explodes. There's a rather nice shot of their flaming bodies flying into the sky and landing in the lake.
Jason beating Freddy in perhaps the most Badass way imaginable: Impaling him through the back with his own notorious weapon. And not just the bladed glove itself. He pierces Freddy's arm through his body. Then falls back into the lake, as if content.
To round out a fight full of awesome moments: Lori Campbelldecapitates Freddy with Jason's machete. It's a moment which deserves to be the Awesome Moment page image.
Even better, the actress has said that Freddy scared her as a child. She thought her child self would be proud of her for beating Freddy.
Jason had many awesome moments, but the one that struck a chord with this troper was the scene after Freddy tried and failed to kick him in the balls. After that, Jason grabs Freddy sticks him halfway out the window and starts running dragging him across the winnows and walls breaking them over Freddy's body. It's more awesome because it's the first time you ever seen Jason run since he chased Trish Jarvis.
Jason comes across a rave party in a cornfield and starts tearing a path of destruction through a ton of sex-starved teenagers - while he's on fire. You probably could make that scene more awesome... we're just not sure how.
In a meta way, it is also an awesome moment for the guy playing Jason, stuntman Ken Krizinger. That scene where he leaves a trail of fire through the cornfield? That was done in one take. Ken had a cooling gel slathered all over him, was put in a specially made fire-retardant costume and given precise instruction over a radio earpiece as he calmly walked through the field, because he could not hear or see. This was for at or over a minute, where most fire stunts are over within fifteen to twenty seconds at most.
For anyone who saw her as The Scrappy: Kia's death counts.
Her pre-death verbal smackdown on Freddy counts as well.
The movie itself is a CMOA for the writer, director, and crew, in that they took very different movie universes, put them together, and made a film that is not only watchable but actually makes both Freddy Krueger and Jason Voorhees back into actually scary villains.
There's also how Jason Voorhees, of all characters, gets made into someone you can feel not just kind of sorry for, but who is sympathetic. At least in comparison to Freddy, anyway. And it doesn't feel forced.
Considering the movie was the last time Robert Englund played Freddy, was the last film of the "big four" slasher franchises (Texas Chainsaw Massacre, Halloween, Friday the 13th and Nightmare on Elm Street) and was released two months before the remake of The Texas Chainsaw Massacre, in hindsight it very clearly marks the end of the original slasher age. After spending the nineties staggering around and dying the first generation of the genre got to have a respectful and successful farewell before being remade.