It's intriguingly incompetent. The plot, such as it is, is about an alien (who, according to my 3 year old looked more like a robot) who comes to earth to collect specimens for a zoo. I will give you the whole movie but watch out SPOILER WARNING:
*SPOILER WARNING* Most of the action takes place in one family's Liviing Room, specifically, inexplicably, inside of their TV, or in the case of Pat Morita and Sam Jones, I guess *under* the TV (it's very difficult to tell). Then a horribly, hideously bad special effect happens and the picture is all wavy and suddenly a snowstorm happens somewhere else (another movie as far as we can tell) and then a dinosaur eats a wavy worm and then I guess the credits came on. *END SPOILER*
The woman was Rhonda Shear, of USA Network's 90's show "Up All Night" (sorta) fame. You can look her up, right her on IMDb.com.
You could probably get a similar movie by giving a 3 year old a camcorder, and shouting directions at Trees and Mice.