Hot answers tagged last-action-hero
It is not so much a reference to a single particular movie, but to all the archetypical action movies of that kind, starring a hard-boiled one-man hero (usually a cop) who has a meaty name (like John McLane, Jericho Jackson, Jack Slater) and kills bad-guys while giving cool one-liners. So no, it wasn't refering to an actual movie starring an actual Jack ...
In fact, the ticket is used on multiple movies in the movie. Benedict used the ticket to grab The Ripper from Slater III. Also, Death from The Seventh Seal comes out of his movie towards the end of the film.
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