Did anybody actually see this in a theater?

I giess it must have been something of a flop as it killed the franchise (put it out of its misery night be a more appropriate phrase). I remember watching it on home video - it would have been about 1988 and I was about 16, old enough to recognise what a pile of sh** the thing was.

A friend and I in that period were always looking out for hilariously bad movies. He had seen this film in August of '87 and told me how bad it was, so the following day he went to it a second time to show it to me, and it gave us quite a few guffaws including the physical look of the shark. I remember some of the advance publicity talking about how the shark's skin this time would look closer to the coarse skin of actual Great Whites, but it looked more like the shark were made of concrete. Michael Caine was himself quite amusing to watch as he obviously had no conviction in what he was doing and it shows in the performance. In addition to having an ending in which Mario Van Peebles' character does NOT survive, it also contained a dream within a dream sequence that has now been cut down to only one dream. Whenever I see it, it can always get a few chuckles out of me.

I went to go see it around October of 87. I was 5 years old but remember the opening scene being pretty intense. My older brother, mother, and aunt all went to go see it. I just remember key points in the movie and then a few months later playing the NES game.

I think I did, I vaguely recall people loling at the scene where we first see the shark all angry looking swimming into view.. and maybe again at the end when we see Caine survived