Crude, low budget shocker is undeniably fascinating for its setting, and its portrayal of the movie business. It reunites the two stars of "Maniac", Joe Spinell and Caroline Munro, in a story of NYC cabbie Vinny Durand (Spinell), a pathetic aspiring filmmaker who's obsessed with horror film star Jana Bates (Munro), tailing her to the Cannes Film Festival where she's promoting her latest film. In between Vinnys' desperate attempts to make contact with Jana, a psychotic killer is at work brutally dispatching various people in Janas' life. The film is co-written by Judd Hamilton, then married to Munro, and director David Winters, along with Tom Klassen, and Hamilton and Winters also play film directors on screen. Winters is more ambitious with his ideas and set ups than one would think, going for the surreal and laying on the creepy imagery at select points, and his framing is likewise interesting. The non stop pop / rock soundtrack helps to keep "The Last Horror Film" moving forward adequately, and there are some genuinely effective sequences, such as when a terrified Jana flees in terror from Vinny, clad in only a towel, and bemused onlookers think she's merely participating in a publicity stunt. Use of gore is entertaining - there's not a whole lot of it, but we do see a fair bit of the red stuff spilling. Cameos include June Chadwick and Robin Leach, and one truly compelling facet of this movie is the way it works as a snapshot of a particular place at a particular time, with many shots of posters of then current productions. Intriguing at every turn, "The Last Horror Film" also has a certain seedy ambiance going for it, with some nudity to go with its lurid thrills. Spinells' own mother Mary is hilarious as Vinnys' overbearing ma, and Munro is as gorgeous and appealing as she's ever been, but ultimately this is a vehicle for Spinell, who proves once again his ability to elicit some feelings of sympathy even when playing a disturbed character. This is not up to "Maniac", but it's not bad, and worth a look for fans of the stars. The final scene is especially funny, ending the movie on an irresistible high note. Seven out of 10.