How bad is it? Probable low point for many of those involved.
Should you see it? Only if you love 1980's stars and need only a few laughs.
This was apparently a vanity project of Anthony Michael Hall,who directed himself and what I'm guessing are his Hollywood friends who owed him a favor. Robert Downey Jr., Samuel L. Jackson, Judd Nelson, Frank Gorshin and an uncredited Kato Kaelin are in it. Hall has a rock band and he also works in a pencil eraser factory, where he falls in love with the boss's daughter (who's cute, but has a horrible personality - well, we've all made that mistake). The boss doesn't like it, so there's a bet: if he can earn $100K in 6 months, he gets the father's blessing and, if not, he hits the road for good. The film has a few intentional laughs, but none of the characters are appealing or interesting and the story doesn't really go anywhere.