Development Hell: Most of the movie was filmed in 1983, but it was not completed until 1989.
Life Imitates Art: The film's real life producer, Richard Kaye, played the role of the film's Evil Producer, Harvey Bookman, and then went on to swindle the real Mike Jittlov out the real film's profits. Mike has still yet to be paid any sort of residuals and the rights dispute is one reason the film has not been released in any form since.
Technology Marches On: The special effects techniques used by Mike Jittlov have become completely antiquated thanks to digital composting and computer generated imagery (along with all the other analogue motion picture production methods). However seeing everything being done by hand shows what independent filmmakers had to go through before advances in technology made motion picture production more accessible.
Who needs evil producers and bureaucratic studios when you can just fund your work on Kickstarter?