Usually, at the end of my reviews, I recommend that people rent the item I'm writing about before buying it, to see if it's their cup of tea before committing to a purchase. But when I saw that Leslie Nielsen was in this film, I pounced on it without hesitation, since I'm a fan of his.
Others have gone into enough detail about this film, so you don't need me to go through all that stuff again, so I'll just add my thoughts to the mix. While not anywhere near as dire as most of the previously-released "Movie Movies" (Disaster Movie, Sports Movie, etc.), I think this is a film I wouldn't have bought had I rented it first. It has a rambling plot (which is more than I can say for "Disaster Movie"), a few good laughs, and some decent acting, but I believe it could have been better. There wasn't enough Leslie Nielsen in it for my liking, too much of the humour was the lowest end of base, and the ending is rather lazy, leaving me wondering: "Oh, is that it?" I don't think I'll get much repeat viewing out of it, now that I own it. It might be an okay movie for renting once on a slow weekend, if you just want to kick back and not engage your brain too much.
So: I recommend you rent this film to see if it's your cup of tea before committing to a purchase. Just 'cause I wasn't so keen on it doesn't mean you might not absolutely love it. It might be more suited to a teenaged / student audience than a middle-aged guy like me. Heck, SOMEONE must be really enjoying these things, or they wouldn't keep stamping them out.