Check out this footage of Arquette wreckin' shop at Border City Wrestling’s 25th Anniversary Show in Ontario, Canada over the weekend ... it's realley, really impressive.

Arquette was teamed up with his former nemesis RJ City (their tag name is Arquette City), and they took on Halal Beefcake ... two guys who came out in "Scream" masks to taunt Arquette.

The video is great -- Arquette gets double-crossed, takes a middle finger to his face ... and then jumps off the top rope, all captured in footage airing Nov. 9 on Global Wrestling Network.

Remember, Arquette was the WCW Heavyweight champ back in the day -- but that moment is widely regarded as one of the low points in pro wrestling history.

Recently, Arquette went to Mexico to train with luchadores and perfected some pretty advanced wrestling moves.

Not bad, Mr. Arquette ...