I took this movie for New Year party and I think I couldn't make a better choice. I am quite used to watching bad movies (hey, I do my major on 50s sci-fi films), but there's always a movie that sets a new low. A friend of mine made something very similar for like 200 bucks, this stinker cost about 10 000x more money. The only three nice things about this movie are the lighting, Sabrina Gennarino and the fact it really makes you laugh out loud at times. Director has no clue how to set up a plot (basically if you miss the title scene, you have no idea what this is all about), he splices in scenes you have no idea what they mean. What appalled me in a special way was the horrible sound mix - every line is cut sharp before its reverb can finish. You may not spot it right down, but you will feel something is wrong with the sound. Special effects are laughably bad - monster is made of rubber with no animatronics at all, image effects look like made by someone with one day training in After Effects. Gore effects are nice, though.
If you want something REALLY bad for having a great time with friends who cannot stomach older films, get a copy of Day of Darkness. You are guaranteed to have some baaad movie fun.