All the gremlins other than Stripe are killed when a gas explosion blows up the cinema. Stripe is killed at the end when he is exposed to sunlight. The old man from Chinatown eventually takes Gizmo away from Billy back to Chinatown and refunds his money.
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Randall Peltzer: Well, that's the story. So if your air conditioner goes on the fritz. Or your washing machine blows up. Or your video recorder conks out; before you call the repairman, turn on all the lights, check all the closets and cupboards, look under all the beds. Cause you never can tell. There just might be a gremlin in your house.
Trivia: At the beginning of the film, when Billy is late for work, you see two films playing at the movie theater: "A Boy's Life" and "Watch the Skies." The former was the original title for "E.T." and the latter was the original title for a proposed sequel to "Close Encounters of the Third Kind." Two films directed by executive producer Steven Spielberg. (00:08:30)
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