Can't honestly say any movie is more re-watchable than the classic Commando..

A close one from similar era might be RoadHouse, and recently I'd say The Raid pt 2 is the best action movie in existence. Not just martial arts, but action, violence, the total package of bad-assary. It's probably what Tarantino wish he could have thought of with the Kill Bill series. The Raid 2 was so good I had to re-watch it the next morning after seeing it the night before because I thought it couldn't have been as amazing as it was but after multiple viewings I'd say it's the best action film ever.