Cons: Messed up phong, the blood texture is copy and pasted from the Meet the Spy bloody knife, the blood is way too small, I doubt anyone stabs a kukuri into someone for only like 3 inches
Improvements: Fix Phong
Cons: Too poor. For example, you didn't change the phong exponent (in the alpha channel), making the blood as shiny as the blade.
Also, it looks too..."plain"
Improvements: Tweak that phong, and if you know how to, add a proper bump map.
Notes: For your next submission, please fix the criteria. You didn't change neither the model nor the animation, so don't include them