How bad is it? Too-late satire that puts forth too little effort.
Should you see it? No.
This film has a killer stalking D-list celebrities of reality TV. None of the victims are likeable and the killer isn't interesting and the story sounds like it was written in 1990 (the film, too, is filled with music you would've heard in 1990). Andy Dick is the bad guy. Others of note are Mischa Barton, Eric Roberts, Danny Trejo, Brooke Hogan and Drake Bell, who don't make fun of themselves or even portray themselves very well. The film has excellent cinematography, but either the editing or direction leaves the film listless and dull.