How bad is it? It's nearly mediocre.
Should you see it? If you need to see a 1980's boobs-and-laughs film, this will do.
I deleted this from my list four times, but people keep mentioning it. It's a witless comedy (which, come to think of it, is more clever than anything in the film). A guy who keeps getting thrown out of school for sexual shenanigans goes to a burger university that teaches one how to run a fast food franchise - these exist in real life, by the way - and then meets a horndog, a nerd, a fatty, a nun, a revolutionary and every other possible stereotype student, as well as the goofy old dean and his bombshell wife (Randi Brooks), a drill-sergeant instructor played well by Dick Butkus, and comic customers from Weight Watchers to cops to Japanese tourists. It's all very familiar and not particularly well done, but amiable and sporadically amusing. The climax is essentially a fart joke.