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There have been lots of threads about the best year or decade for films. Many of them narrow down to 70s vs 80s. If you look at the Top 50 grossing films ever there are only three in the 20th Century - Titanic (1997), Jurassic Park (1993) and Star Wars Episode I: The Phantom Menace (1999). However if you look at '77 to '87 so many classics of their genres were released, look at this:
Alien (1979) and Aliens (1986)
A Nightmare on Elm Street 1 - 3 (1984 - 1987)
Back to the Future (1985)
Friday the 13th 1-6 (1980 - 1986)
Ghostbusters (1984)
Halloween 1 - 3 (1978 - 1982)
Indiana Jones: Raiders of the Lost Ark (1981) and Indiana Jones and the Temple of Doom (1984)
Predator (1987)
Rambo: First Blood (1982) and Rambo: First Blood Part II (1985)
Robocop (1987)
Rocky 2 - 4 (1979 - 1985)
Star Wars original trilogy (1977 - 1983)
The Goonies (1985)
The Lost Boys (1987)
The Shining (1980)
The Terminator (1984)
Top Gun (1986)
Arnold Schwarzenegger and Sylvester Stallone's best period. Foundational films in the horror/sci fi/adventure/action genres.
I don't think it's fair to include Vietnam War films because obviously the years shortly after the war have an advantage.
Near Misses:
Jaws (1975)
Rocky (1976)
Die Hard (1988)