The Spirit (1987)
Chosen, once again, by INJCulbard's twitter account.
One of those teevee movies that was probably a pitch for a series that (thankfully) went nowhere. It's not as tonally off as the horrid Frank Miller take years later but still doesn't manage to capture what makes the Spirit comics so cool.
It's incredibly, incredibly cheap (the cemetery set is just terrible), features awful performances (Mckinley Robinson as P'Gell is about passable) and a dull trite plot.
I would still watch this a million times over rather than sit through the 2008 version though.