Four horror/science-fiction segments directed by four of Hollywood's famous directors based on TV's most popular anthology series, bookened by a funny and scary prologue and epilogue. In the first story (a vague remake of the Twilight Zone episode "A Quality of Mercy"), a loud-mouthed bigoted businessman with an intense hatred for Jews, blacks, and Asians, gets the tables turned on him when he walks out a bar and is inexplicably transported back in time to being pursued by Nazis in 1940's France, then as an African-American at a KKK rally in the 1950s Deep South, and as a Vietnamese in 1960s Vietnam. In the second story (a remake of 'Kick the Can'), an old man arrives at a retirement home and makes the wishes of the residents come true when he magically transforms them into youthful incarnations of their days gone by. In the third story (a remake of 'It's a Good Life'), a young woman on the road gives a ride to a mysterious 10-year-old boy to his house and ends up trapped with other people in an alternate reality created by the boy's imagination. The fourth story (a remake of 'Nightmare at 20,000 Feet) features a passenger on an airline whom sees, but cannot convince anyone, a mysterious creature on the outside wing of the airplane trying to sabotage the aircraft.

On July 23, 1982, around 2:30 am, actor Vic Morrow, and two child actors, Renee Chen, and My-ca Dinh Le, were killed in an accident on the set. While filming a Vietnam battle sequence (a hovering helicopter chasing and shooting at Morrow, who was carrying two Vietnamese children out of a deserted village and across a small lake), an SFX explosion sent the helicopter crashing down on top of them, killing all three instantly. It is illegal for children to work at that hour; Renee Chen and My-ca Dinh Le were not officially part of the cast, and their parents were paid in cash. Director John Landis and four other crew members were charged with involuntary manslaughter. They were tried in 1987, and found not guilty.

Anthony:
Th-th-th-that's all, Ethel!

Continuity: In the airplane, the window shade in the seat next to the main character repeatedly opens and closes between shots.

Performed by Jennifer Warnes
Music by Jerry Goldsmith
Lyrics by John Bettis
Produced by Bruce Botnick with James Newton Howard