I love Richard Cheese's 'Beat It'
So yeah, big Richard Cheese fan. But I've got some suggestions for how to make this and other movies a tad better.
First, you really oughtta call this Richard Cheese: Yellow or something. The guy's done a lot of work, so the name of this movie is really generic. It also makes it sound, at least to me, that it's going to be a really bad movie (and this is a pretty good movie.) So yeah, I'd change the name.
Also the butterfly kinda drove me nuts. The colors on the wings reeked of lazy paintjobs, and it makes the film quality lessened. I'd suggest taking your time even with the little things like that, because they add up to make a huge difference.