A Crack in the Floor http://www.imdb.com/title/tt0236126/

Low budget slasher movie with little plot, farcical dialog etc. I used to play a game where I would try to trick people to rent this from my local movie store because it's hilariously bad. Ripe for riffing.
1. It stars Mario Lopez (AC Slater).
2. Gary Busey has a ridiculous cameo involving live chickens.
3. This is the movie cover: