This is one cheesy movie and a lot has been written about it (mostly bad) since it is widely available on the gray market but there are things (mostly bad, again) worth mentioning.
Lightning Bolt features smart-ass hard-boiled narration by Eisley and many moments of unintentionally laughable dialog, the kind that would make Ed Wood proud. Nonsensical situations and actions abound in this movie and the special effects are as to be expected; not very special, like the old yarn-for-the-laser-beam trick made famous in Italy.
Though the movie has a few charms they are outweighed by too much silliness, a weak villain and the sense that one's time is worth more than the budget spent in making it.