In Jewish-Israeli culture, the complex story of the Arab-Jewish dispute that accompanied the Zionist settlement in Israel as early as the late nineteenth century was often phrased simplistically after the Holocaust. From the late 1940s until the late 1970s, a distinct parallel between Arabs and Nazis was discernible in Israeli culture. Wars against Arab nations were termed wars to prevent a ‘second Holocaust' that could strike Israel at any moment, and Arab leaders were described as Nazi successors. The article shows how from the 1970s onward, a huge gap between right-wing and leftwing narratives can be discerned. The right-wing continues, many times, to recycle the ‘Arabs equals Nazis' equation in speeches, interviews, etc. The left and extreme left-wing, however, many times turn this equation upside down and create a reverse equation in which both national traumas are equated (the Holocaust and the Nakba) and/or Israelis in general, particularly IDF soldiers, are equated with Nazis. The article shows how left wing stands are reflected in Israeli cinema since the late 1970s until the present.