I'm not 100% sure about my rankings or the choices of films so there may be changes in the future.
10) E.T. The Extra Terrestrial (1982)
9) Spaceballs (1987)

Batman (1989)
7) Star Wars Episode VI Return of the Jedi (1983)
6) The Terminator (1984)
5) Star Trek II: The Wrath of Khan (1982)
4) Indiana Jones and the Last Crusade (1989)
3) Back to the Future (1985)
2) Raiders of the Lost Ark (1981)
1) Star Wars Episode V The Empire Strikes Back (1980)
Star Trek II should be closer to the first place in my opinion. Back to the Future was good. So was Raiders of the Lost Ark. The first terminator movie didn't seem that great to me, although for the time it would have been impressive. Short Circuit should be on the list more than E.T. I think.