How bad is it? Poorly acted post-modern shot-on-video home movie.
Should you see it? No.
Two friends decide to bring a puppet to life, but it decides to take the souls of those it comes in contact with. There's dream sequences, a shower scene, a shovel fight, a very active bloody ending and then a silly music video postscript. This film is very aware of itself and aware of its limitations, is full of unfunny in-jokes and was obviously made to entertain the friends of those involved in making it, rather than any general audience.