Plot hole: Near the end of the movie, when Packard is about to race the Turbo, he puts on a helmet. Where exactly did he keep this helmet? The '77 Corvette is a two-seater with very little storage space for the passengers. Oggie and Minty's helmets could have been in the back seats of their cars.
The Wraith (1986)
1 plot hole
Directed by: Mike Marvin
Starring: Charlie Sheen, Randy Quaid, Nick Cassavetes, Sherilyn Fenn
Revealing mistake: The "blower" on the yellow Firebird never runs. NO wonder he couldn't beat the Wraith. (00:44:10)
Sheriff Loomis: You listen to me, you son-of-a-bitch! There's a kid out there usin' his car to kill people, not that it's such a big deal since it seems to be your gang he's got it in for... so, if you guys try to take the law into your own hands, and that killer turns up dead, I'm gonna see you all sniffin' cyanide in the Arizona gas chamber.
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Chosen answer: I believe they are markers to show how many people are left to take revenge on for his death.
EMTurbo
The problem with that answer is that the Wraith had to kill five people (Oggie, Minty, Skank, Gutterboy and Packard) and he only had four of those metal braces. If he had one for each gang member he wanted revenge on, he would have had five. I think he was only given four chances to crash his car and reassemble, and once they were gone, that was it. That's why he killed Skank and Gutterboy at the same time.