I have been trying to remember this film's title for some time now. Here is the most relevant of details I recall: man/teacher travels to foreign country (somewhere in east Asia) and ends up learning martial arts from a master named "Iron Fist" who is known to strike a piece of iron 1000 times a day. Also, this movie came out sometime in the 80's. Any ideas?

kill bill II

Sounds kinda like whatever 'Kung Pow' was dubbed over. But I couldn't even come close to remember what the original was called.

http://imdb.com/title/tt0075167/