La Cité de la peur (1994)
La Cité de la peur, or Le film de Les Nuls, is a French comedy film written by the comedy group Les Nuls and directed by Alain Berbérian in 1994. The movie parodies big budget American films (Basic Instinct, Pretty Woman and the Terminator, among others, are directly spoofed) and relies heavily on puns and word play, which makes it somewhat inaccessible for non-French speakers.
More at Wikipedia.