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I ran into an old movie I had on VHS as a kid titled "MegaForce" (1982) (RT link). I hadn't seen the movie in decades and was worried looking at a rotten tomato score of 6% that if I watched it, I would be completely disappointed in the movie as an adult. Surprisingly, I didn't realize as a kid that it was actually more of a spoof comedy action movie like a knock-off "Hot Shots" or "Naked Gun" and just completely enjoyed watching it again because it felt like a whole new experience (definitely better than the new G.I. Joe's lol).
So what's your movie from your past that you'll always enjoy no matter how cheesy or horrible it may seem?
Space Jam. It's not a bad film, it's a good "bad film". It's like everyone involved from the writers to the voice actors to the lighting and camera crews knew this was going to be a pile of crap so they said screw it and just had the most fun making said crap pile. That shows through, and it totally saves the film! It is no longer just a lazily made cash grab, it's a "look what you get to do sometimes if you allow yourself to have fun" statement. As a film it should be bad but all that heart in it makes it good!