Pilot for a potential television series that was never picked up.
The poster's tagline "She does it better than he!" is a reference to the song title and movie poster tagline "Nobody does it better" from the James Bond movie Der Spion, der mich liebte (1977).
The title S*H*E stands for "Security Hazards Expert".
The promotional materials marketed the film as a female James Bond; it was written by Richard Maibaum, long-time scriptwriter of the James Bond film series.
According to the book "Movies Made for Television", this film had absolutely nothing to do with H. Rider Haggard's "SHE".