The Living Daylights (thing) by Ahab

The Living Daylights is one of my two favorite James Bond movies (the other being For Your Eyes Only). .

Bond drives two Aston Martin cars in the film the Volante and the Vantage (although the audience is led to believe that they are the same car) in the movie, the first appearance of an Aston Martin since On Her Majesty's Secret Service in 1969.
The mid-air battle towards the end of the film included the first usage of a hidden parachute in a Bond film, which stuntman B.J. Worth had to use because he had fallen too far out the back of the plane and decided it was better to let go.
The film was written by Richard Maibaum and Michael G. Wilson (who rocks), based on an Ian Fleming short story first published in The London Sunday Times Magazine in Feburary 1962.
The amusement park where one of Bond's fellow British spies is killed was also used in the Orson Welles film The Third Man
Joe Don Baker (who looks a hell of a lot like Fred Thompson) plays the villain in the film, then returns in Golden Eye and Tomorrow Never Dies, as a CIA ally of Bond's.

Source: DVD booklet The Living Daylights

Licence to Kill	James Bond	Timothy Dalton	A View to a Kill
On Her Majesty's Secret Service	For Your Eyes Only	Fred Thompson	James Bond's gadgets
John McCain on Bill Clinton's Legacy	Pierce Brosnan	voices of Everythingians	Joe Don Baker
A-ha	Ian Fleming	Jeroen Krabbé	The Third Man
Aha	007	James Bond Titles	screenplay
Crouching Tiger, Hidden Dragon	If you can't spell, you're an idiot. "Original ideas" don't come from idiots.	cello	Grandma's brain exploded; thereafter, things improved