At least three Kill Bill references originate with this movie: Pai Mai's introduction scene references the stairway and water training scene; Pai Mai himself though in white in Kill Bill is the blind orange master monk (who in Kill Bill blinds Elle); and, finally, the five point finger exploding hand technique comes from the end battle scene of this movie, where the villain uses a special punch technique on the protangontists, but is only able to deliver four of the five blows (with the protagonist holding his heart, as Bill does, right before dying).
The training dummies in this movie are the inspiration for the character Mokujin in the Tekken series. They also make an appearance in the manga of Negima.