Wicked City (1987 anime).
 

Awesome and underrated horror fantasy action thriller from Yoshiakta Kawajarri of "Ninja Scroll", "Neo-Tokyo" and "Vampire Hunter D Bloodlust" fame is about two different agents from opposite worlds as they must protect a ancient but funny and horny wiseman from shapeshifting assassins from another dimension.

Sexually explicit and ultraviolent, this is a well animated and well done animated feature that is one of my favorites since high school in the 90's.

This rules! This was the first anime I ever saw.

Good one....

Its not underrated... Its a popular anime and because mainly it being a soft-hentai tentacle rape and fuckfest. The movie itself lacks any real plot other then some agent trying to get laid in between the hours of his shift protecting a midget in a bathrobe from people with for example vaginas made of teeth from other dimensions.

I think it speaks for itself. You just like the dark gothic art.

To add to the above; the only real horror anime that deserves any kind of recognition is Perfect Blue, which will in given time be adapted to the big screen for a colossal epic fuck up right.

Memories is okay too. Kind of trippy like especially in its original version. Like waking up from a bad acid trip with your flaccid dick hanging out.

where can i watch this online?? sounds cool

Well it's avalible to buy on-line.
Who thinks this movie is similar to Urotsukidoji?