So I watched this film for probably the third time last night, and there was, of course, no shortage of laughing, MST-style mocking, and general merriment. This is certainly one of the absolute strangest movies I have in my bad movie collection (which is large). At the same time, the more I see this film, the more I'm convinced that there is something more going on here than is detectable prima facie. Now what that might be, I have absolutely no idea whatsoever. But I think there are some clues if we look closely.
To me I think we need to look at the film as engaging with multiple cultural time periods (as hinted at by the pseudo-philosophical conversation had by the enigmatic might-be-brothers early on at the part). It's engagement with the past and present are clear (medieval times & the goofy slasher obsessed 80's respectively) but I think what is more interesting is how it deals with the future. The notion of reality blending into fantasy (and more importantly, a game) is very interesting and something that I think is still very relevant in our society (e.g. people committing suicide over "relationship" problems in Everquest, the loss of a sense of the outside world (e.g. neglecting children, etc) with similar games). The fact that the Tic-Tac-Toe man (one of the most interesting and baffling characters in any film I have ever seen) is constantly wandering through the scenes, reminding us that the line between reality and non-reality has been crossed. Really the whole film deals with this line.
I also think that the image on the puzzle that is being put together over the course of the film is interesting. The image of Adam and Eve is one that is repeated a couple times throughout the film (during the play, on the puzzle, etc.) and so we might ask about what the significance of this is. I don't know, but maybe it has something to do with regression? The blending of reality and mythology? Who knows.
There is probably more to say here (especially about the Tic-Tac-Toe man, the weirdo magician and the party), but I'll leave it to others to say it. I'm not gonna vote on this because it just feels wrong. I don't know that a rating would help anybody with this movie. It's a freaky, freaky movie, and you ought to check it out. Watch it to laugh and mock sure, but also try to open yourself to this other layer that may or may not be there.