How bad is it? Bad enough I won't even check to see if it's "Return," not "Revenge."
Should you see it? No.
This is a sequel not to the Michael Keaton film "Jack Frost," but to one released the prior year about a psychopath that runs afoul of a genetics experiment. That film had originality going for it, plus just enough plot to carry the film and a couple of intentional laughs - this sequel has none of that. The snowman is now in the tropics, a problem barely addressed and Jack seems to freeze and thaw at will. The killings are cartoonish and the only interest is to see how they'll relate to ice; one woman has a bartender's ice tongs pushed into her eyes and apparently into her brain, killing her instantly and almost bloodlessly. The cast are there just for fodder and the killer spends the entire film doing a monologue about how much he hates and what he's going to do.