aka Night Chills
How bad is it? It's pretty bad.
Should you see it? Yes, if 1980's not-quite-horror is your thing.
First, this is NOT the 1984 Lucio Fulci film "Slashdance," which has a similar plot. This has a female cop go undercover as a dancer to try to catch a guy who's killing Broadway chorus girls. There's a whole tot of questionable dancing in leg warmers. There's not a lot of plot or characterization. There is, however, a high heel impaled into a forehead (wasn't that originally in Franco's "99 Women?" Even Tarantino's stolen that). The killer's identity is very obvious. There are stabs at humor that don't work. It's hokey and dull, but somehow not unwatchable.