Heartwarming Moments: The Dénouement, as Queen Jehnna asks her comrades to assume official positions in her palace. The heartwarming part is that each of them look to Conan, who nods permission.
Narm: Conan's fight with the lizard/ape man, who tosses big rugged manly Conan around like a rag doll when he isn't pimp slapping him, isn't anywhere near as scary, frightening or intense as it's supposed to be due to some really, really, really bad fight choreography. And when you consider that Conan does a better job against the demonic god Dagoth in the climax his fight with the lizard (gator?) ape man just looks even more ridiculous.
Narm Charm: The enemy wizard's habit of commanding his troops by clinging two cymbals together to make them ring. It's so over the top cheesy it loops back over to cool.
Replacement Scrappy: Malak, obviously being a replacement for Subotai, didn't sit well with the audience, his role being a string of never-ending bad jokes and acting like a doofus. Weirdly enough he seems to have some or all of Subotai's memories, enough to identify a specific camel on sight.