Bearded lumberjack and axe fish?

So I remember renting this movie on tale in the 90’s…i think it had a number in the title (seven or eight?) and had something to do with a kingdom. The scene I remember most vividly is the main character (possibly a girl, possibly from the current time who got to another reality somehow) on a makeshift log raft going down a river to get somewhere. She was, for some reason, with a big, bearded lumberjack on her way to wherever she was going. Then I remember these piranhas/axe fish? Attacking the raft. That’s it. It’s been killing me for Years, does anyone recognize it?

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