I thought this might be an interesting teen comedy/horror movie and it starts out very promising. A sweet, virginal, college freshman (Kate Daly) trying to complete a life's experience assignment in psychology class discovers her lust for killing while also falling in love. It sounds like quite a way to come of age and, played the right way, could make for a laughable, wicked, underground hit. Ron Jeremy is fun for the all-to-brief time he is on the screen.
Slowly the film takes an exit from fun into the world of seriousness. Despite some well-known, menacing actors (Michael Madsen, Malcom McDowell, Daniel Baldwin) the movie degenerates into a typical hack'em up, blood fest without much to laugh about. The lead actress is very pretty but doesn't generate a lot of sympathy for her character. We neither root for or against her as she cuts and slashes her way through the film and her relationship with her mother (Meredith Heinrich) seems stilted and doesn't go anywhere.
To sum it up, there isn't much comedy in Lady Psycho Killer and there isn't enough suspense to qualify as a real horror movie. It is stuck somewhere in between. I give it a 5 because for a lower budget movie it had decent production values and looks acceptable. I didn't find this movie awful, I just slowly lost interest.
