An often-bullied nerd becomes infatuated with the titular car when he sees it as a rusty piece of junk which he then restores. The car becomes possessed by a former owner and kills those who wronged it. The car can also regenerate.
The infamous "car seen approaching the house through the window before flying through" scene is recreated and spoofed for comedy, complete with somebody on the telephone.
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Top Gap
By what name was Taarzan: The Wonder Car (2004) officially released in Canada in English?