I just happened to catch a classic 80s movie on the tube yesterday. Although it was voted to have the most improbably movie plot of all time (yes, that means Star Trek/Star Wars has a better chance of coming true) Iron Eagle has some great flying scenes, in particular the race between the C-150 and the motorcycle.

But now to the point of this thread:
http://www.youtube.com/watch?v=Nrq31J6RbgU
This is probably some of the gutsiest flying out there on film. Piloted by Art Scholl (who died shortly thereafter in an airplane crash filming the spin sequence in Top Gun). There's nothing like a C-150 with full flaps flying 5 feet off the ground with a motorcycle under its wing. The best part is 4:00 into the clip where the two meet (perfect choreography). The awesome sound track (which is very hard to find) just adds to the excitement. I get goosebumps everytime watching this race.