I recommend this to bad movie fanatics, with a word of caution: this movie is painfully dull just as often as it is funny. Parts of it are very slow, and the director/writer had to know this was bad (whereas there is something far more sacred about bad movies being born of genuine ambition).
Now and then somebody gets killed by a werewolf. There are lots of filler scenes of people sitting in a country-western bar, singing and telling the occasional dumb joke. It's all so loosely constructed that many of the extras were likely unaware that this was supposed to be about a werewolf. None of the actors are trying, except for the bearded priest. His acting is not good, but he takes his role seriously. Why? Perhaps he's just a total non-conformist. I don't know.
These are not real actors, most of them use their real names for the characters. It was all filmed in one or two towns. Since all the "actors" know each other, it's safe to assume that there are plenty of inside jokes in the script. For example, there is a farting scene where several guys run out of the bar, hands waving in front of noses. They are followed by a big guy smiling and eating a plate of chili. I'm sure it's no accident that this particular individual was chosen to play the farter. He must have a real life reputation for gas and therefore people in the neighborhood will find this more amusing than outsiders would. So if I knew these people I'm sure my familiarity with everybody would add more charm to the movie, bumping my vote up from a 1 to a 3.
As others have mentioned, it is stunning that New Line Cinemas is associated with this. Almost makes you wonder if somebody blackmailed top execs into supporting it. In short, a very bad film. Worth checking out once, but use the buddy system- don't watch it alone.