Jue quan

This really defines a blueprint for this kind of movie: 1) Guy with ridiculous facial hair and/or silly hat wonders through the wilderness,happens upon another guy practicing Kung Fu 2) Brief conversation involving a) a particular technique of one of the silly-haired-guys, b) the number of provinces in which the other silly-haired guy is undefeated 3) Fight, preferably involving some kind of animal-style Kung Fu. 4) Repeat as many times as you can squeeze into a couple of hours.

Throw in a grueling training sequence (though this maybe isn't quite grueling enough in this movie), a bit of betrayal (ideally involving someone killing someone else's master), some slapstick comedy, some bad dubbing (this genre is really the only one where dubbing should be allowed) and there you have it - the perfect Kung Fu movie. I defy anyone not to enjoy it.