This is actually my mama, late grandfather, and uncle's experience in the year 70's. Back when the houses in the metro were still blocks away from each other. If my memory serves me right, as told by my mama, she was 6-7 years old then while my tito [uncle] was a year younger than her.
The story goes like this:
One afternoon, my lolo [grandfather] was asked to help in slaughtering the pig [so they could use it for different dishes and be served to the guests] by their neighbor who will have a baptismal party the next day. My lolo went there, and my mama and tito, being the youngest that time, went with lolo so they could play with their neighbor's children. It was already evening when they finished slaughtering and chopping the pig. Their neighbor gave lolo the pig's head as a gratitude.
On their way home, mama noticed a big bird swirling around a tree. She was amazed on how big it was. Little did she know, lolo was already aware and ready on their defense. Having the bolo [large cutting tool of Filipino origin similar to the machete] in his hand, lolo told mama and my tito to keep close to him and not to look up. Mama and tito held lolo tightly and hid their heads inside lolo's t-shirt. Then, lolo raised his bolo together with the pig's head and said to that big bird, "Lumayas ka dito kundi iitakin kita. Layuan mo kami ng mga anak ko. Kung gusto mo sa'yo na itong baboy." (Get out from here or else I will strike you with this bolo. Get away from us. If you want I'll just give you this pig.)
My mama, being a naughty kid, took a peek, and saw the big bird flying away from them. When they reached home, lolo told them that the big bird was actually what they call "tiktik". A creature who looks like a big bird, most of its victims/preys are pregnant women. They love the smell of babies.
Mama concluded that maybe, the tiktik went after them either because of the pig's blood or theirs. I personally doen't know if I will believe in the story or not.
I haven't seen any urban legend creatures yet. I am not sure if this is just my mama's way of scaring us when we were kids so we will not stay up late outside. LOL.