Not quite martial arts film, but it's from hong kong and starred Chow Yun-fat and the balisong knife is from Filipino Martial Arts

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I’ve a project of making Balisong GIFs from Movies

This first set is from the 1992 Hong Kong movie Full Contact starring Chow Yun-fat





3 more GIFs here:

http://www.stickgrappler.net/2014/05...l-contact.html

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My 2nd set of Balisong GIFs from Full Contact





3 more GIFs here:

http://www.stickgrappler.net/2014/05...ontact_21.html

Enjoy!