- Evil Is Sexy: Basil Rathbone's Levasseur is considerably more attractive than the bestial figure described in the novel. Not a few female fans have been known to consider him more attractive than Errol Flynn's Peter Blood.
- Foe Yay: Levasseur, are you proposing marriage or a criminal partnership there? Every scene they share is basically dripping with homoeroticism. The swordfight makes you wonder whether they couldn't have solved their differences in a more... sensual manner.
- Ho Yay: The movie alone is homoerotic. The book, on the other hand...
"It is time fully to disclose the fact that the survival of the story of Captain Blood's exploits is due entirely to the industry of Jeremy Pitt, the Somersetshire shipmaster. In addition to his ability as a navigator, this amiable young man appears to have wielded an indefatigable pen, and to have been inspired to indulge its fluency by the affection he very obviously bore to Peter Blood."
- Narm Charm: One must have a very hard heart not to smile at the film's Silent Era-style supertitles, including "Carving a Crimson Career"; "He began with nothing but a Ship, a Handful of Men — and a Brain"; and "Blood!" "Blood!" "BLOOD!" in successively larger letters.
- The Woobie: Jeremy Pitt has a tendency to assume this role.