Ang panday, The Blacksmith (1980) dir. Fernando Poe Jr

Panday is a blacksmith whose real name is Flavio. When a meteor fell from the sky one night, he forged the metal from the meteor into a dagger, the balaraw. When he raises the dagger to the sky, it magically grows into a sword. He uses this magical sword to fight the evil Lizardo (Max Alvarado) and other supernatural beings. Eventually, Lizardo and his minions are destroyed.