I first saw this movie when I was 10 years old and it still makes me laugh to this day.
What makes this comedy unique for me though, is how so many different story elements are blended so beautifully. You have romance, action, and comedy so wonderfully balanced that the entire movie is guaranteed to put a smile on your face. Bunny Wigglesworth is so over-the-top whilst Diego's accent is so hilariously exploited. Esteban's evil is perfectly juxtaposed against Diego's love interest. The drama of Zorro surrendering himself to save the one he loves plays against the "other" Zorro whipping his name into the wall (and not just a "Z", but "Zeeeeee Ohhhhhhhhh Rrrrrrrrr Rrrrrrr Ohhhhhhh! Zorro!" Esteban: "Ah, ha!!! I think he is trying to tell me something!"
It's also evident in the music. The dark, thunderous playing of violins accentuate Esteban's bad character. The light, lilting tune is playful when Zorro fences. The music waxes nostalgic when Ms. Hutton kisses Zorro.
Sadly, the transfer of this movie to DVD seems confined to someone eating a Twinkie and hitting record from a VHS tape. Mono sound? Poor video transfer? Come on, people, get with it! While it's forgivable on very old movies, a 1981 flick is NOT beyond the realm of beautification. And for the price, some extras would have been nice.
Still, it's nice to see that someone thinks highly enough of the film to transfer it to something longer-lasting than a VHS tape.