After watching the mess of "Freddy's Dead" it's interesting to note that both Mike DeLuca and Rachel Talalay (who was on board from part 3) are missing. Wonder why...?
This only serves to show up just how bad their movie was compared to this. Wes Craven pre-empts his own movie 'Scream' by 2 years and does a 'post-modernising' of the whole Nightmare on Elm Street series.
Reworking the whole Nightmare concept and having the main actors and crew from the original 3 movies play themselves being terrorised by the demon manifestation of Freddy is inspired. As well as incorporating it into a dark and twisted version of an already dark and twisted fairytale.
Ranks 3rd in the Nightmare top 7, just because it shows that despite "Freddy's Dead", Freddy is still very much alive in the 90's; if handled right.