Buckaroo Banzai is the lead character, played by Peter Weller, of the eponymous 1984 cult film, The Adventures of Buckaroo Banzai Across the 8th Dimension. A renaissance man, the character is a top neurosurgeon, particle physicist, race car driver, rock star and comic book hero, and probably the last hope of the human race. In the film, his latest experiments open the door to the 8th dimension and unwittingly start an interplanetary battle for the world.
The end of the movie invites the viewer to watch for the upcoming film “Buckaroo Banzai vs. The World Crime League”. This was the real title for a sequel that Sherwood Studios planned to make if this film had been successful. Unfortunately, it was a box-office bomb, and Sherwood Studios went bankrupt. After its release on video and cable, however, BB became a cult favorite, much in the same way as Mad Max (1979) (which crawled from obscurity to spawn two sequels). Legal wranglings due to the bankruptcy prevented any other studios from picking up the sequel rights, and even years later MGM had to fight through a pile of red tape simply to get the OK to release it on DVD.