Event 40: All-Star Match 4 is the 40th Event Match, and the fourth of five All-Star Matches.
The All-Star Match gameplay is unchanged; like its predecessors, five different opponents must be defeated in 4 minutes and with 2 stock. The damage percentage, time and stock left is carried over between each match. In this edition, the opponents are Marth in Temple (with Fire Emblem alternate music), Luigi in Kingdom II, Jigglypuff in Poke Floats, Mewtwo in Final Destination, and Mr. Game & Watch in Flat Zone.
- During the battle with Jigglypuff, Battle Theme plays, while during the battle with Mewtwo, the song Poké Floats plays.