Not That Bad, a Decent Low-Budget Film
I finally watched this the other day. I had recorded it off of TCM nearly two years ago and just forgot about it. After seeing it, it's not as bad as people here make it out to be.
At least it didn't waste time getting to the creation of the monster. So many movies would slowly build suspense, and while this can be an effective plot device, it can also get very pretentious. Zaat didn't waste time, the monster was created in the first 5 minutes.
Also, the ending was pretty good. The colored guy prevented the girl from being dipped in the water that would turn her into a monster. However, she'd already been injected with the fluid, so although she didn't physically transform, she was mentally in-line with the creature and followed him back into the ocean, even though her boyfriend tried to stop her. I'm giving this all away because anyone reading has either seen it, or will probably never see it.
I didn't understand the part with the hippie sing-along, I guess that was just filler material. Maybe they were a local Jacksonville band and the director promised them screen time.
While low budget, it was fairly well written in the sense that there weren't too many unexplained plot shifts or choppy plot line. So on the whole, I say this film was decent.
I think people are being overly dramatic about it because it was featured on MST3K.
Also, I wanted to mention that there were some pretty good shots of marine life at the beginning of the film. It may have been stock footage, I'm not sure. Despite the low budget, however, I have to give the underwater cameraman credit. Perhaps the underwater filming was where most of the budget was spent, because it was well done, and it was nice seeing that one chick swim around freely before the creature got her. Never really explained why she failed to transform.