How bad is it? It's an unfunny 1980's teen comedy.
Should you see it? If you have a penchant for stereotypes, perhaps.
This is a cheap "Meatballs" clone from Canada, with three horny teens and Foster Brooks (!) doing his patented drunk act - with a machine gun at one point, a gay popper-sniffing aerobics instructor, a camp counselor that takes kids to bars, a black kid with a ridiculous accent, a white guy with an afro and not one joke that works. I'm still trying to figure out the reaction shot from a plate of food (and it's shown twice). If you're wondering what the worst tits-and-laughs film of the era was, this is a good place to start.