The only Ranma ½ movie that was based on a pre-existing Ranma ½ manga story. It was based on the 72nd story arc known as "The Phoenix Sword Arc" which ran for two chapters.
First shown in Japan at the Toei/Shogakukan Animation Festival in 1994 alongside the films Ghost Sweeper Mikami and Heisei Dog Stories: Bow. Released by Viz as part of the Ranma 1/2 OAV series due to its short running time. The domestic video release title is a parody of the 1976 film One Flew Over the Cuckoo's Nest.
This is the only Ranma ½ movie that does not involve leaving Furinkan and the only one that does not involve a kidnapping.
This is the only Ranma ½ movie to be released in widescreen.
The movie has the least number of characters out of the three movies.