The Princess Bride, 1987. Directed by Rob Reiner.
Starring: Cary Elwes, Robin Wright, Mandy Patinkin, Chris Sarandon.
"A classic fairy tale, with swordplay, giants, an evil prince, a beautiful princess, and yes, some kissing (as read by a kindly grandfather)." (IMDB)

This film never gets old, never. I love Fred Savage in it, love the way his room is decorated, and always loved that he got to eat lunch in bed while he listened to the story. Also, the action is great, the characters are endearing, and I love the way everything looks, especially Buttercup's princess-y dresses. There are obviously some nice effects (fire swamp), good action scenes (sword fight, torture) and the dialogues are witty and timeless: "You seem a decent fellow; I hate to kill you!"/"You seem a decent fellow; I hate to die!" or "Sleep well, and dream of large women." Or "There's a shortage of perfect breasts in the world, it'd be a pity for you to damage yours . . . "
It's fun. And for the record, my very favorite scene (s) are all about the drunken swordsman, Inigo Montoya. Here's a link to the sword fight, since embedding was disabled by request.
http://youtu.be/k7zvffHu_wo
