Both films are definitely going for a similar feel, but I thought this was better at it. Gutterballs was awful. I know that no-budget, offensive gorn is Ryan Nicholson's shtick, but I don't have the patience to sit through his terrible movies just to see the impressive gore effects and some Windows Movie Maker film grain.
Blood Junkie is ridiculous, but it's more authentic and entertaining than Gutterballs. Drew Rosas is just a better filmmaker all around. His film has better dialogue, a more compelling premise, sharper cinematography, and a more interesting villain (one that actually feels like he belongs in genre circa 1989). Even the cheesy acting in Blood Junkie has enough charm to work. A far cry from Nicholson's tonedeaf production, where every character is the living embodiment of nails on a chalkboard. The only thing Gutterballs has going for it is gore (and rubber penises, if you're into that). Even as someone who grew up watching 80s horror, including most of the Troma classics from that era, I don't see the appeal in it. Blood Junkie is flawed, and the ending is obviously a farce. But I thought it was a more enjoyable watch and a better homage to the films of the period.
That said, if you're looking for films in the same vein, Billy Club is Drew Rosa's second movie and it's likely to continue in a similar spirit. I haven't seen it yet, but it looks to be bigger and better than this one. The Sleeper also qualifies as another micro-budget retro slasher. It has its moments, though it's not quite as enjoyable as Blood Junkie and the lack of budget is sometimes a little too evident (and the total lack of humor or levity made the stilted acting harder to endure). Lost After Dark sort of, kind of fits in here. It's clearly meant to be an homage to 80s slasher flicks, but also uses some gags that are more reminiscent of the 70s grindhouse era. It fails to live up to its potential, but it's worth a watch if you're a rabid fan of this stuff, as I am.
And it's probably not exactly what you're looking for, but The Final Girls was recently released and it looks really promising. It concerns a group of friends that get stuck inside an 80s camp slasher film. The reviews so far have been great and the IMDB rating is rather high for the genre. As a slasher fan, I'm looking forward to it more than probably any other horror film at the moment.
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