Chopping Mall might be the third film May was talking about that SF scooped up instead.
I'm thinking it's Suspiria. No knock on Phantasm, but I have some doubts that he'd run such a gambit to acquire that over all else. With his new Italian connections it seems plausible he'd get a heads up on it.
The combined weight of the horrors I have authored wrought would crush your carbon hearts into perfect diamonds of terror!
A Few Ants Short
. And what the hell, check out my DVD Collection