The Master (1984)
Parody made from heavy re-editing and dubbing
Crow: "Those are all the guys who missed out on the Master Ninja."
Tom says that "Being from Another Planet" is worse than "Master Ninja."
Tom: "Ninjas, please report to the 'Master Ninja' set."
"also starring Lee Van Cleef."
Master Ninja I (aka 'The Master') is the featured movie in this 'MST3K' episode.
Review of the Blu-ray release