Hmm... Looks like a primitive version of Metal Slug!
1. It's an arcade game. (Woohoo!)
2. You fight various enemies in a sidescroller but instead of machine guns, you use a sword or an axe.
3. The elf dudes remind me of the people that gives you power ups whenever you hit them.
4. Instead of a tank, you can ride a dinosaur.
The three characters have their own special attacks and they look pretty cool once you get enough potions. The dwarf with the lightning is my favorite. Overall, old-school gamers would apreciate this game the most. Since this game is a rareity today, I suggest you go to Best Buy and get the Sega Genesis Plug in and play system. You might think it is lame at first, but it is a decent game under any means.