Jonathan Graves (Peter Liapis) moves into his family's mansion with his girlfriend, Rebecca (Lisa Pelikan). Jonathan finds his father, Malcolm (Michael Des Barres)'s dark magic equipment in the house and decides to play with the paraphernalia during one of his parties as a joke, but unwittingly raises some demonic creatures known as 'ghoulies'. The power then begins to go to his head and he begins to follow the path of his black-magically-charged father...
I love a good B-movie, but this one is not one of the so-bad-it's-good gems of the era. And yet, it's not quite bad enough for me to hate it.
The demon puppets are fun, but cheap. And the film is neither scary nor funny and a little too long winded. While the film's not quite the calibre of other B-movies of the period, it went on to have some good sequels which made more use of the ghoulie monsters and focused less on demon-raising, cloak wearing party animals.
One of the odder things about this film was that the characters constantly put on sunglasses inside and at night. Confused, I did some trivia searching to discover that the film was meant to go into 3D when the characters put on their sunglasses, but that the difficulty of doing this was too much and so the creators decided not to bother. Alas, the scenes had already been filmed so we're left with this oddness.
All in all, I've sat through worse and don't get all the hate online about this film, but even I can see it's genuinely not that great.
[Image: Empire Pictures, et al]