Let's simplify the expression step by step:

The expression is:

$-4 \cdot (-4) \div (-8) - 2$

1. First, calculate the multiplication: $-4 \cdot (-4) = 16$

2. Next, divide by $-8$: $16 \div (-8) = -2$

3. Finally, subtract 2: $-2 - 2 = -4$

So, the simplified value of the expression is:

$\boxed{-4}$

Would you like further clarification on any step or need additional details?

Here are five related questions for further practice:

1. Simplify: $-5 \cdot (-3) \div 6 - 4$
2. Simplify: $8 \cdot (-6) \div (-12) + 5$
3. Evaluate: $(-7) \cdot (-2) \div (-14) - 1$
4. Solve: $3 \cdot (-9) \div 3 - 7$
5. Simplify: $(-2) \cdot (-8) \div 4 - 10$

Tip: Always follow the correct order of operations (PEMDAS) when simplifying expressions!