Watch Magic Lizard Full Movie Free Online 123Movies. After an opening sequence in which we watch Magic Lizard roller-skating around the city to the accompaniment of 80s dance music, recycled footage from the earlier Giant and Jumbo A shows us some space aliens landing in a pink flying saucer. One of the aliens steals into a cave beneath a temple where the hapless but lovable Magic Lizard appears to be responsible for guarding some kind of treasure. After threatening Magic Lizard with a light saber, the alien makes off with a crystal of some sort, after which Magic Lizard starts with the high-pitched nattering and spazzing out that will characterize his behavior for the rest of the film. He runs to Yuk Wud Jaeng, the demon-like living statue previously featured in both Giant and Jumbo A and Tah Tien and pleads for his help. Yuk Wud Jaeng takes off into the heavens, not to be seen again for some time.