Character mistake: At the beginning of the movie, Bill Paxton is pulling out documents out of the safe, maybe destroying some of them. Extremely unprofessional from an archaeological perspective. Although he represents a private company on a Russian ship searching for a diamond, he for sure violates many international laws with this brutal act of recovering objects. A professional treasure hunter should know that, plus a camera is filming him. He risks never getting a licence for a treasure hunt again.
Factual error: The lake that Jack told Rose he went ice fishing on when she was threatening to jump is Lake Wissota, a man-made lake in Wisconsin near Chippewa Falls (where Jack grew up). The lake was only filled with water in 1918 when a power company built a dam on the Chippewa River, six years after the Titanic sank. (00:39:05)
Lewis Bodine: We never found anything on Jack. There's no record of him at all.
Rose Calvert: No, there wouldn't be, would there? And I've never spoken of him until now. Not to anyone, not even your grandfather. A woman's heart is a deep ocean of secrets. But now you know there was a man named Jack Dawson. And that he saved me. In every way that a person can be saved. I don't even have a picture of him. He exists now, only in my memory.
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