I have to say that I'm impressed. I really enjoyed that trailer.
I'm not sure if it's a matter of style or ability, but creations like this often make me wonder just what editors were (or weren't) thinking back in the day. If they could have created something dramatic and compelling like this, wouldn't they have? But would a bunch of film cuts with music and audio really have presented a challenge -- even in 82? Or maybe trailers were just afterthoughts; something slapped together without much care, simply designed to let the interested viewers know a movie was coming, and not really to generate