A couple of references are made to the first Burton Batman film, both regarding Vicki Vale. One of the references pokes fun at controversy of letting her into the Batcave.
The scene in which Catwoman and the Penguin confront each other through the bars of the spinning birdcage homages the scene in "Frankenstein" in which Henry Frankenstein and the Monster confront each other through the spinning windmill gears.
The name of Christopher Walken's character's name is a reference to the actor who played Count Orlock.
Penguin's speech to his army is done in homage to Patton.
Pee-wee's Big Adventure
Paul Reubens & Diane Salinger (Pee-Wee & Simone) play the parents of the Penguin during the cold open scene.
The Cabinet of Dr. Caligari
The character design of the Penguin was inspired by Dr. Caligari.
The Great Gatsby
Christopher Walken requested cuff-links made from human molars for his character, inspired by Howard Da Silva's in Gatsby.
The Third Man
The title shot in Gotham's sewers is inspired by a similar shot in The Third Man.
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