Viewed this tonight as part of the Mill Creek "10,000 Ways To Die" box set. It is a rather blurry, washed-out looking fullframe picture, running 87 minutes.
Starts off with a fun title sequence ala Monty Python as noted by others. Plus a great theme by Gino Peguri (similar to his great theme for Blackie The Pirate). Middling story is mostly lightweight as a gang of ne'er do wells is assembled to assist nerdy Timothy (Sean Flynn) in battling big fat Fernando Sancho. I am alone in this, I know, but I hate Sancho and can't stand watching his over-the-top shenanigans. At least here he is supposed to be playing it tongue-in-cheek.
Not as terrible as I feared but drags a little in the middle, and a very poor DVD quality hampered my enjoyment also.
I would love to have the theme song as an mp3 but could not find the tune anywhere on the web. If anyone can make an audio rip of it, let me know. Thanks.