I remember watching this movie soon after it came out and the special effects were not bad for the time period that it came out despite what people say. Remember, Star Wars had only been out a few years by this time. As far as the movie goes, Caine does quite well with his part and the plot is believable in the way Freddie Kruger is believable. If you've seen many "creature" movies, then this one could seem to be predictable and thus lose some of it's "boo" effect. Wait until the end and watch closely. If you've seen this movie you should know what I mean, if not then pay close attention. After seeing that final scene you suddenly realize that maybe all wasn't as it seemed. Go back through this movie and keep in mind that last scene. Suddenly the whole movie transcends the Freddie Kruger believable and becomes in fact quite plausible. It's like watching Star Wars Episode 4 after just watching Episode 3, it all takes on new meaning!