Who would be in it? Let's say we need at least one character from each main type of character -- Knight, Barbarian, Wizard, etc. They're going on an epic quest to fight the new Sauron, who now has Wolverine's claws, a machine gun, and has been trained as a ninja. Also, he's BFFs with the Predator now. Basically, the ultimate threat times infinity.

Who gets in? Maybe these guys?

Knight (main hero) -- King Arthur
Wizard -- Gandalf
Elf -- Link (Legend of Zelda)
Dwarf -- Uh... I guess Thorin or Gimli, right?
Rogue / Thief -- Conan
Barbarian / Warrior -- Hercules
Hobbit / Other Magical Race -- Uh... I guess Bilbo and Samwise, right?

Kind of a sausage party. I don't know, I don't really follow this stuff.

My list would have some overlap.

Conan (Barbarian/Thief, obviously)
Fafhrd (Barbarian)
Grey Mouser (Thief)
Jirel of Joiry (Fighter, she also breaks up the sausage party)
Elric (Wizard/Fighter)
Silver John (Bard)

I don't know any of those other fruity people, so I say a team of Conan, John Carter, Gandalf, Yoda, and Han Solo.

Couldn't do just one, so here's the first one:

Historical Fantasy:
Hero – Arthur
Wizard - Merlin
Barbarian – Gilgamesh
Thief – Aladdin
Knights – Lancelot, Galahad, Gawaine
Air Support – Robin Hood, Athos, Porthos, Aramis
Non-human - Puck

The Modern take on it:
Hero – Harry Potter
Wizard – Gandalf
Barbarian – Conan
Thief / Assassin – Silk, Fitzchivalry
Knights – Aragorn, Sparkhawk, Tomas, Lan Mandragoran
Air Support –Fool w/Girl on a Dragon, and Verity Farseer
Non – human – Thrall, Drazz’t

And just to show I read lots of fantasy, here's the distaff version:

Hero – Katniss Everdeen
Wizard – Moraine Aes Sedai
Barbarian – Red Sonja, Xena
Thief / Assassin – Lara Croft
Knights – Paksenarrion Dorthansdotter, Brienne of Tarth, Eowyn of Rohan
Air Support – Daenerys Stormborn, Queen Elsa
Non- human – Sylvanas Windrunner