It works in more recent versions of winamp.
Try this:
http://www.free-codecs.com/download/MP4_In..._for_Winamp.htm
Edit:You could also try playing it in WMP. It should download the codec automatically.
80s? Good old ways? The big special effects craze in blockbuster movies started in the 70s with two huge blockbusters: Star Wars and Jaws.
And anyway, if you're watching movies for the story and characters and the writing and the directing, you should stay away from blockbusters anyway.