Rewatched some years later. Definitely see the hype.

Rating: 8/10 (19 June 2014)

Python's satire really shines in this movie. I re-watched this movie years after initially seeing it. While "Meaning of Life" has always been my favorite, my preference for it isn't so high after being able to fully appreciate this movie.
The classic Arthurian legend is embedded in our culture moreso than one would think. I both realized this when watching this movie, and realized how classic myth and history is basically set-up for any Python comedic twist.
The folk-singing Sir Robin crew and the virtuous Gallahad scenes are classic, as well as the brief/blunt God the Father (or is it Jesus) opening up the slide-doors cloud to give Arthur his mission.
It is hard not to laugh at anything Python, and "Holy Grail" definitely provides them.