WHATEVER ARNIE WANTS...

Latest update on the Arnold watch: He's about to pick his next movie. A year after the release of blockbusting Terminator 2, there's little question that Arnold Schwarzenegger, like the 800-pound gorilla, can make any damn film he wants-even if his asking price is said to be a cool $20 million-because his last four films grossed $524 million domestically. But he has to make up his mind in the next few weeks if he's going to field an entry in the 1993 sweepstakes. So, as a raft of screenwriters rush to complete tailor-made rewrites for him, and tout Hollywood awaits his decision, here are Arnie's wildly varied top prospects: *Sweet Tooth, an action comedy about a U.S. Marine who finds out at his father's deathbed that he's inheriting the family legacy-the job of tooth fairy. *The Last Action Hero, from the script about a young boy who jumps onto the screen (a la Buster Keaton's Sherlock, Jr.) to join his cinema hero; John McTiernan (Die Hard) will direct. *The $2 Million Tip, a comedy about a cop who, to the consternation of his nagging wife, tips a waitress with half a (winning) lottery ticket. *Or, in the most radical departure of all, Arnold could play Sigmund Freud to Woody Allen's Carl Jung in a to-be-titled TriStar tale of bumbling shrink detectives.

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