It even has a few references to things he mentions in later films, like K-Billy radio which is in Reservoir Dogs. From the notes:
It’s Mickey’s Birthday and his girlfriend just left him, so that’s when his friend Clarence shows him a birthday he’ll never forget.
The film was completed, but the final reel was destroyed in a lab fire that broke out during editing. The surviving part of the film was shown in part to a small crowd in early 1987.
Actor Allen Garfield was teaching Quentin Tarantino acting at the time, and that is how he also became involved in the project. Filmed over three years, from 1984-1987.
Later became the basis for True Romance (1993)