The Legend of Drunken Master (1994)
Video case is shown in a video store ("The Legend Of Drunken Master").
The training sequence where you fight the axe gang in the bar is taking from jackie chans legend of the drunken master
The poster of the movie is seen behind the Nerd.
Charlie watches this film and is inspired to learn martial arts afterwards.
clips are featured to illustrate the best movie fight scenes