I'm sure I could think of a couple I might want to do that with, but there are probably more I'd just want to forget completely, lol...
Mostly, though, the majority of my favorite movies have been the stuff that I've watched dozens of times or more and still enjoy, and the ones that I've appreciated more after several viewings because I caught the little, subtle stuff that I didn't quite get the first time.
I think, for me at least, it'd have to be one of those big flashy movies with huge special effects, the ones you only ever watch once or twice before the "ooh, shiny" wears off. And it'd have to be in a movie theater.