...or alternatively titled, Stirba the Werewolf Bitch.
This movie has it all. Reb Brown's performance is nuts (he also sucked in Space Mutiny and an early Captain America). There's titanium bullets, magic earplugs, new wavers, werewolf ninjas, Christopher Lee the werewolf-hunter, Transylvania, a holy hand grenade, a werewolf queen with laser and sonic powers, some werewolf orgies, and an awesome closing song.
There are so many scenes where I'm like, "WTF?!" as it's so disjointed and non-sensical. Some scenes are just off the wall: a sex scene where the guy leaves his jeans on, some demon thing possessing a priest, and a crazy light show battle between Christoper Lee and the werewolf queen.
Odd, poor effects, goofy plot, terrible acting (save for Christopher Lee of course), and a new wave soundtrack. Very entertaining!