Well, it delivers what it promises. And it contains the immortal line, "Man, that goalie was pissed off about something."
Do you need me to tell you that this is terrible? It's a combination of two of the shittiest movie franchises in cinematic history. It's got all the ingredients you'd expect: obnoxious teenagers get dismembered, there's some brief nudity, and the heroine screams a lot while her boobs are this close to popping out of her blouse. But, alas, they never do. The strange thing about this movie is that is has far more of a plot than your average Freddy or Jason movie, because apparently the filmmakers felt they needed to explain why Freddy and Jason are fighting. Consequently, the movie spends most of its running time explaining that the citizens of whatever town it is that Elm Street is in have perpetrated an Orwellian rewriting of history to ensure that Freddy has been forgotten, thus destroying the fear that is the source of his power. So Freddy summons Jason from Crystal Lake to start killing teenagers so that rumors of Freddy begin to re-circulate, bringing Freddy back to life. Sure, it sounds stupid, but a large portion of the audience for this movie probably has trouble with the plot of an episode of Scooby Doo. Judging by those standards, this is like The Third Man of slasher flicks.
Still, this movie is amusing if you catch it in the right frame of mind. You can't entirely hate a movie where a seven foot tall machete wielding zombie massacres a bunch of teenagers at giant rave held in a cornfield. Anyone who dances with glow sticks gets what they deserve. Some of the acting is hilariously bad, especially the female lead's reaction when she finds her friend dead in the cornfield. I also like how one of the characters is blatant rip off of Jay from Jay and Silent Bob. I kept hoping he'd yell snoochie boochies and hit Jason with a sock full of quarters, but once again, my hopes were dashed. Damn.
Recommended for fans of Freddy, Jason, and heaving boobies.