Double bluff - this is merely a music video being watched by young students. All pre-credits.
After this somewhat shaky start, the film settles into more standard frat house fare, with three girls pledging to get into their chosen sorority, and having to do gross out initiations. Add to this the boys pulling Porky's type pranks, mainly involving getting the girls nude and filming them.
The main initiation is going to be at a party being held at the long closed frat house where a youngster was killed twenty years previous, his grave even being in the front garden of the place.
Killer Party is one of the many slasher type student films from the 80s, only this has a slightly different pedigree since it was allegedly started in 1978 but then closed down when going over budget, only to be finished in 1984, then shelved for another two years. Apparently the more gory sequences were cut from the film before release, but to be honest, it doesn't really miss them as the level of shocks/gore left in balance out the (admittedly amusing at times) comedy moments.While not going for an out and out spoof, the film walks the line between being tense and titter-some.
It's directed by William Fruet, who also made 'Death Weekend' (1976) and 'Spasms' (1983) before heading into TV work on stuff like Goosebumps, War of the Worlds and Poltergeist - The Legacy.
6 out of 10