Arguably a unique, offbeat and different type of film. Caroushell is a low budget independent film that mixes supernatural horror, teen humor and goofy silly comedy in one.
The effects aren't great especially that of a talking toy caroushell. We never actually see it moving and it all doesn't exactly make sense (a unicorn caroushell coming to life talking). What is bizarre is at first we didn't know the caroushell was talking aloud, as it seemed like it was speaking his thoughts in his head.
The acting is very amateurish and many characters overreact (especially those at the party scene). There is a funny explicit scene (39:20) with one character and the caroushell showing skin, which was well shot and showed good lighting.
This movie is relatively short in runtime and it is quite unpredictable which does make things more watchable. Overall this is just slightly cheesy to truly be something more than what it is. Perhaps watching the sequels may change the rating of this original.