A mostly forgotten adaptation of the tale made in the mid-90's starring Martin Landau as Geppetto ("Khaaaan" jokes will be fully expected) and Jonathan Taylor Thomas as Pinocchio. Rob Schneider's presence in the movie will also give plenty of joke opportunities (as his presence in any movie is prone to do) as well as some good but uncanny valley puppet animatronics from The Henson Company. I nominate this one because it is one of those films from my childhood that I loved and now make fun of and riff myself occasionally.
IMDb Page: https://www.imdb.com/title/tt0115472/?ref_=nv_sr_srsg_0_tt_8_nm_0_q_the%2520adventures%2520of%2520pino