With the paintings still missing, a group of thieves trying to locate their missing friends in the area where it supposedly went down commander a news crew in the area to find it, only to come into contact with a monstrous shark prowling the waters and have to find a way to get away alive.
Overall, this was a far better-than-expected entry in the series with a lot to like about it. Among the better aspects on display is the solid and somewhat enjoyable setup that gives this one some decent storylines to tie in with the previous entries. The continuing saga of the thieves looking to recover the stolen paintings that took place in the original serves this well with the group coming into play while looking to find the final resting spot. The secondary storyline involving the reporter trying to balance his job shepherding the ditzy model around the photoshoot while keeping tabs on the outcome of the ruined oil rig in the area that took place in the second entry allows for a solid enough setup for this one. That allows for the film to go all-out on cheesy shark attacks and encounters that are so clumsily handled that they add a charm to the proceedings. With the sequences showing the shark puppet swimming through the ocean attacking swimmers, the drifting boat filled with the group being held hostage, or the gloriously silly attack on the rescue helicopter, there's quite a lot of goofy work to be had here which makes them so fun. That becomes even more apparent in the final half when it introduces a special twist revelation taking this into the realm of another genre effort in the catalog that takes this into even further and goofier situations that provide some hilariously choreographed action and gore to be quite fun. These are enough to make for a fun time here as this one does have some issues that hold it down. As is to be expected in this kind of film, there's no denying how silly and outright shoddy the effects are with the shark effects being the worst offender. Despite reports of its monstrous size, the characters interact with hand-puppets even if they get to interact with a physical prop as the CGI carries some bargain-basement style work here of the immobile creature in its environment changing shape or dimensions whenever the scene calls for it. Coupled with the guerilla-style indie production style here that makes everything look cheaper than it should or making use of locations taken without permission, the constant technical issues, and nonsensical storylines, these should be taken into consideration here since they're expected and not truly detrimental.
Rated Unrated/R: Graphic Violence and Graphic Language.