- Originally rated NC-17, some extreme violence was cut to be re-rated R
- The 1994 UK Guild video release featured the R-rated print and was further edited before submission by the distributors to remove all footage of nunchakus. The 2005 Anchor Bay DVD was the complete and uncut version.
- The Japanese VHS presents the film with its original title of "Phantasm III" (not the re-titled: 'Phantasm III: Lord of the Dead').
- Most of the violence was cut from the original video-release in Germany. The film was still rated 18. suprisingly the tv-version was uncut, just as the new video-release.
- There is a workprint version that currently circulates as a bootleg which contains the additional gore that was snipped from the U.S. version to obtain an "R" rating.
- A short scene featuring The Tall Man pushing Tim on a cart around the corner was deleted. Don Coscarelli complained that it was removed because the cart would not roll correctly.
- An alternate ending was shot for Phantasm III, but later not used. It features Reggie and Tim visiting Alaska. Reggie digs a small hole in the ice and Tim places a small container (containing The Tall Man's gold sphere) into the ice. Reggie places a metal plaque over the hole and seals it up. The plaque reads "Here lies The Tall Man. R.I.P."
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