Factual error: At the East German / West German checkpoint, there is a level crossing. The warning signs for road traffic are clearly visible and are unique to the UK (where the shot was filmed).
Plot hole: When Bond is on the roof of the train ,he opens the roof panel on the rail car, jumps down into the car, and puts on a gorilla suit to hide. He does all this while the knife thrower is in the small car. Wouldn't the knife thrower have heard something? The roof panel opening alone would have amplified the train's noises, not to mention the air that would have blown in.
Continuity mistake: When Bond's Mercedes is on the railroad tracks, it is hit head on by an oncoming train. As it is shown sailing in the air backwards, it is very clear that the drive-train has been removed. When the car is shown again, it is now sailing nose first as it hits the water.
Revealing mistake: When Bond and Gobinda are fighting on top of the train, Gobinda rolls over with his sword, which bends like a rubber prop.
Factual error: On the railroad when the knife-thrower is welding the jewel canister onto the circus equipment, there are bright flashes of light. Later however, the knife-thrower attacks Bond with a gas welder. Oxyacetylene torches (gas) merely heat the metal until it melts. They do not produce blinding flashes, unlike arc and MIG welding kits (electric).
Factual error: Bond tells Q at one point "I've lost my PPK." However, he has been carrying a Walther P-5 throughout the movie, and continues to use it in the later action sequences. A PPK never does make an appearance in the movie. The P-5 was also used that year by Bond in "Never Say Never Again").
Revealing mistake: When the police cars chase Bond and stop outside the circus, you can clearly see a lot of brake-marks. It's quite obvious that the filmmakers re-shot the scene several times, before they got it right, but didn't bother to remove the marks made in earlier takes.
Continuity mistake: When Bond and the twin fall off the train, Bond's movements do not make sense. In the first clip they are both moving away from the train. In the next clip they are rolling partly along the tracks, partly towards them. In the next clip Bond is rolling forward straight into the bushes.
Revealing mistake: In the scene where Bond is trying to escape with his new Mini-Jet, he flies through a big hall. If you look carefully, you can see that the aeroplane which is supposed to be flying with its wings vertical is fastened to some kind of sustainer.
Other mistake: When Bond drives into the train tunnel, below the train cart with the jewelry, we see that welding is going on in the other train cart. But that is before the bomb is placed in the hole below the cannon. There is no sign of weldings, and no sign of welding equipment once we get inside that cart.
Continuity mistake: When we see Q fishing, the lighting is totally different from when he's seen from the back in the next clip. Also the bank rises close behind him when seen from the front, but in the next clip the camera position is further back. Those are not shot in the same place.
Continuity mistake: When Bond is taking off with his Mini-Jet he nearly hits the jeeps and trucks that are chasing him. The landing gear is still down. After the cut you can see the scene from the other side and now the gear is suddenly up. There is no interruption between the two shots, not even the two or three seconds the gear takes to retract.
Continuity mistake: During the rickshaw chase 30 minutes in, all external shots show that it has a clear plastic windscreen in front of the driver's face, but in all of the close up shots of the driver the camera is mounted on the rickshaw filming him and the windscreen is gone.