This movie has it all, including several cameos by major B-list stars, a spectacular wipe out montage, more day-glo spandex than you can handle, and musical numbers so cheesy you will need a bag of Tostitos.
Don't get me wrong -- it is awful, awesomely awful. From the first moment when we meet our troubled pre-teen hero (who in classic 80's style narrates directly to the camera), you will be thinking "oh good lord -- this movie is unwatchable." But just when you are about to lose all hope, OJ Simpson shows up with a pig-skin suitcase.
This pattern continues for the duration of the movie (spaces of less-interesting, but necessary storyline propelling scenes peppered with moments of brilliantness), culminating in the big surf off - the best part of the movie. Seriously, after seeing the cutting-edge surfing special effects, you will cry -- tears of joy. Hold out for it and the Humunga Cowabunga From Down Unda will not disappoint!
I will spare you guys a detailed plot summary. Just watch the trailer, available on Amazon.com video on demand. (And, yes, that is Wolfman Jack doing the voiceover.) I am also purposely leaving out a list of cameos, it will be more fun to discover them yourselves.
In conclusion, I gave this pick a lot of thought. I am confident that I have selected a cinematic masterpiece that embodies the spirit of what we are striving for here. So let me just go ahead and say this in advance, you're welcome.
Enjoy.