Trivia: When a Nazi falls from the back of the truck carrying the Ark, a "Wilhelm scream" can be heard.
Trivia: When they are preparing and listening to the tape you can see a bit of smoke in the air. There had been an extended scene where they had been smoking pot and joking around. However, they used real pot when filming and much of what was shot ended up being unusable as a result. This is according to Bruce Campbell's Commentary to the DVD.OneHappyHusky
Trivia: While giving a lecture at the Hollywood Scriptwriting Institute, director Joe Dante trash talked the novel "The Howling" on which the movie is based. One person in the audience raised his hand and asked, "So, you don't like the book, huh?" with Joe stating, "No, not really." The man responded that he was the one who wrote the novel. To Joe's surprise, the man in the audience was Gray Brandner, the author of "The Howling."
Trivia: Jimmy didn't die even though it never shows him after he faints on the steering wheel in the car with Lori. He simply passed out. In some cuts it shows him alive in the ambulance at the end, but for some reason in the theatrical version, they left it out for us to 'wonder'.
Trivia: British model Caroline Cossey, who appeared as one of the women in the film was revealed after the film to be a transsexual. She was born a man.
Trivia: In Greek mythology, the winged stallion Pegasus was actually spawned in the moment when Medusa was killed by Perseus; he sprang out of her severed neck.
Trivia: Australian playwright David Williamson makes a cameo as the tall player in the opposing team in the football match held near the Pyramids in Egypt.
Trivia: Throughout the film there are several references to a character named Horseflesh, (such as "Horseflesh would never get us into this mess"). Despite the character being credited at the end of the movie he's never properly shown onscreen. There's a paragraph devoted to him in the published "Time Bandits" screenplay: "The trouble is quite frankly that if Horseflesh had been in it he would have made seven dwarves, and we'd have libel suits from Disney and all sorts of things. But we liked the name, so he remains the mystery dwarf." According to the interview with Michael Palin and Terry Gilliam on the extras DVD (produced in 2002), Terry Gilliam states that Horseflesh is the dwarf seen with Evil, though it isn't mentioned who he is; in the original script he had quite a few lines, but they were cut, eg "The map! Evil one, the very map I promised you, is yours" (from script excerpt shown on DVD).