There was a Masters of the Universe movie made in 1987 -
http://www.imdb.com/title/tt0093507/
Get yourself a dose of Dolph Lundgren as He-Man. Gouging out your eyes was never so much fun.
I also think it's a shame they don't do things like the mini-comics with toys anymore. You'd get them with everything - G.I. Joe, Transformers, Sectaurs, MASK, etc - and they were all great fun, adding (usually bizarre) details to the greater 'canon' of the toy-line.