Trivia

The picture was completed in 1981 but wasn't widely released theatrically until two years later in 1983. In between, the movie had a limited release stateside in April 1982.

A fourth segment was made for the film by Henry Jaglom, a disaster movie parody called "The Bomb" starring Kenneth Mars, Allen Garfield, and Marcia Strassman. Images from the segment appeared in press materials, but it was deleted from the finished film.

The original title was "National Lampoon's Goes to the Movies". Despite the opening title card for the name of the movie stating 'Movie Madness', right at the start of the opening credits roll, there is still a close-up of a glossy colour card booklet which has the wording "National Lampoon's Goes to the Movies" on the front cover. This lingers for quite a number of seconds and very much outlasts the amount of time that the title card for the film's title ''Movie Madness'' is displayed for.

Orson Welles, who was the mentor of Henry Jaglom , convinced him to accept the directing job on this film. Jaglom had only directed independent films prior to this, but his previous film, Sitting Ducks, had been enough of a success that he was offered this movie. Jaglom didn't like the script, but did the picture to see if he could stand to work for a major movie studio. The subsequent re-cutting of his work on this picture convinced him to never again accept such a job. Also, the picture's fourth segment which he directed, entitled ''The Bomb'', was removed entirely from the finished film.

The film features one Oscar (Academy Award) winner - Olympia Dukakis - and four Oscar (Academy Award) nominees - Diane Lane, Richard Widmark, Candy Clark and Peter Riegert.