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The Winged Serpent (1982) Nesting in the top of the Chrysler Building, this giant flying serpent swoops down and gobbles up hapless New Yorkers. But his bite usually leaves parts of the victim—a head here, a leg there, a trail of blood leading over the edge of a roof with no body to be found on the street below. There’s one scene of a couple sunbathing beside a roof-top pool on a highrise building. One person dives into the pool for a swim and when she comes to the surface, all she can see of her friend is a severed leg. Directed by Larry Cohen and starring Michael Moriarty, David Carradine, and Richard Roundtree.
One review says, “This is the kind of movie that used to be indispensable to the market: an imaginative, popular, low-budget picture that makes the most and more of its limited resources, and in which people get on with the job instead of standing around talking about it. Cohen knows there isn't the time or money to question the logic of anything, so he keeps his assembly so fast and deft that we're prepared to swallow whatever he tells us; and his script has much droll fun with a plot that keeps losing things ('Maybe his head just got loose and fell off'). He also gets great performances from Carradine as the cop who treats it all as part of a day's work, and (especially) Moriarty as the jittery criminal whose 15 minutes of fame ('I'm just asking for a Nixon-like pardon') leave him wondering if on some days it's better just to stay home in bed.”
That’s what Hollywood needs today: people capable of making imaginative low-budget films that make the most of their limited resources. Low-budget means they have to by-pass all the fancy special effects and concentrate on a good script and good actors.