This movie was loosely based on the Medved brothers' book "The Golden Turkey Awards" which lampooned some of Hollywood's worst movies. Nowadays Michael Medved is best known for being the "family values" movie critic; but in the 1970's he and his brother, Harry, were among the pioneers who ushered in the bad movie lovers phenonmenon with a couple of hysterically funny books ripping some really awful movies to pieces. "It Came from Hollywood" was an attempt to capitalize on the growing cult of bad movie lovers by actually showing clips of some of the worst movies ever put on celluloid and having commentary done by big name comic actors.
Unfortunately, the movie is mixed a bag. It made the HUGE mistake of actually mixing footage of good movies in with the real horrors. Also the comic skits by Ackroyd, Candy, Radner, and, Cheech and Chong are mostly hit and miss. However, the film clips that illustrate such cinematic disasters as "Horror at Party Beach," "Attack of the Killer Tomatoes," and the work of Ed Wood are for the most part hilarious.
"It Came from Hollywood" was a finacial disaster. It disappeared from movie theaters in record time which prompted one writer to quip, "It Came. . .and it went!" The Medved brothers, who worked as consultants for the movie, would continue to write about bad movies. In the ultimate irony they placed "It Came from Hollywood" in their book on the filmdom's greatest flops- "The Hollywood Hall of Shame."