Small Soldiers
A new line of toys (Sorry... Action figures) come with a microchip that actually makes them sentient. A boy gets one and becomes the center of a rebellion among the ranks.
1 - War technology used to make toys. What a tweest!
2 - Hippy (toys) vs Warmonger (toys)
3 - The Fimple Family and more Dave Ryder nicknames. (Actual character names) Chip Hazard. Kip Killagin. Butch Meathook. Brick Bazooka. Nick Nitro.
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Kamil Drews commented
Not to mention they riffed a bit of it on the 2nd Annual Summer Blockbuster Review on MST3K.