How bad is it? Instantly forgettable horror anthology.
Should you see it? No.
I think this was a sort-of sequel to "Campfire Tales," another anthology also starring Gunnar Hansen. It's not to be confused with similar films released in 1988, 1989 and 2007, but it's hard to remember what sets it apart. There's a story about a mummy, one about werewolves, a mutant baby one and a carnival freak body-switching story. The wraparound story is slightly better (better acting), but has the worst make-up special effect in the "surprise" ending.