This is the danger of picking up something you've never heard of before at the video store , simply because the cover looks cool . ..
It's hard to know what demographic this movie was made for. It's like some ghetto-style Blair Witch Project Lite, with an African-American cast set in an abandoned school. It is supposedly about a history teacher and a group of students who go into the school to retrieve any historical memorabilia before it gets torn down, but end up finding something horrifying in the basement. Sounded like a good premise on the cover description, except that the story is woefully bad and completely unfrightening. It is far too poorly written and executed to satisfy any serious horror fan. It certainly has the production values of an After-school special, and could have been a good scary movie for kids, except that it has far too much profanity and gore.
I blame the writer/filmmaker James Black. His cast could be accused of bad acting, but the truth is these kids probably could have turned in some decent performances if they'd had a workable script and some good direction. Instead, they run around spouting cliche'd lines, trying to act too hip, and arguing with each other about everything. Likewise, the school where they shot this film could have been a great location for a scary film - except that they filmed everything there in the DAYTIME!! Hey, first rule of horror films, James - all the best ones take place at night. It looks like they probably shot the whole thing in one day, as a matter of fact. And the back-story of why the basement is haunted is completely ludicrous, historically inaccurate, and even a bit propagandist.
So, in short. Stay away from James Black films. Stay away from Full-Moon films. And especially, stay away from The Vault.