I have always had a soft spot for science fiction B-movies. And while Lake Placid vs. Anaconda fills all the requirements for terrible B-movie glory, it is not actually good in any manner.
People often forget that the original Lake Placid and Anaconda films were quite good in a campy creature kind of way. The onslaught of sequels bastardizing their originality and fun of those films have relegated the sub-genre to pure and lovely guilty pleasure filth. Lake Placid vs. Anaconda has nearly every ghastly B-movie trope we've come to expect from these films, and it's not in a good way.
The plot of the film often gets overly summarized to the point of stating the title in sentence form. Lake Placid vs. Anaconda has a super science-y organization funding crazy genetic research while searching for an elixir of youth. Of course, that means they need a super anaconda to bear love children formed from breeding the snake with the gigantic crocodile, thereby making "baby croc-a-condas." Along the way the creatures get loose and go on a killing spree, as they often do, and what do they stumble upon but a group of near- naked sorority girls during rush.
Lake Placid vs. Anaconda has all the literal makings of a B-movie without any of the self referential and irreverent humor of its more successful predecessors, such as the recent Sharknado and Piranha 3D. For some inexplicable reason, the makers behind the film chose to minimize the comedy, and without humor it is just dull.
A B-movie stuff wouldn't be true to itself if it didn't fail at some basic film making techniques, and the sound production, anaconda effects and dialogue overall are pretty terrible. And for a B-movie where gigantic creatures are constantly killing humans, it was pretty weak on the gore and creativity in the death scenes, with the only amusing part being croc on anaconda casualties.
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