These are what we call the 'YMMV items.' Things that some people find in this work. We call them 'your mileage might vary' because not everyone sees these things in the same way. This starts discussions in the trope lists, a thing we don't want. Please use the discussion page if you'd like to discuss any of these items.
Crowning Moment Of Awesome: The villians get several, the most memorable being when they easily overrun a heavily fortified elven defense line by using old World War II propaganda films to distract and disorient them. Especially priceless considering how confident the defenders were just seconds previously.
Avatar gets one when, after swearing not to fight back, he is shot in the shoulder with an arrow. He proceeds to nonchalantly shrug it off and carry on as normal, despite it having penetrated at least a couple of inches. This is actually what finally convinces the fairies to aid him.
The fight sequences.
Peace's death comes right in the middle of his own CMOA - when he rushes a tank by himself, on foot, and nearly beats it before Elinore literally stabs him in the back.
Peace gets a retroactive one when Avatar reveals that he's been constantly fighting against Blackwolf's influence the entire time. Even when he manages to find his gun again, and is given multiple chances to empty a magazine into the group, he never once thinks of doing it. Elinore even compliments his resolve once it's revealed she was brainwashed into killing him.
In a way, the priests' prayer. Aside from being hilarious, it's also pretty obvious that they're just trolling the soldiers for all they're worth. Too bad it doesn't end so well...
Tear Jerker: Peace's death at the hands of a brainwashed Elinore
Unfortunate Implications: One film critic pointed out that the plot is essentially about how, after forcing a bunch of people into a ghetto because they are repulsed by their appearance, the better-looking creatures massacre them for being uppity.
What Do You Mean, It Wasn't Made on Drugs?: The last big battle scene. Think about it: Mutant and Demon Nazis fighting war-hardened Elves and Fairies set on a crazy rotoscoped background, and all the while set to jazz rock. This movie is incredibly 70's.