It stars Dee Wallace (who would just a couple years later kick major ass in Cujo), as news anchor Karen, who is being stalked by a sketchy dude the press has nicknamed "Eddie the Mangler." After a terrifying encounter with Eddie in a porn shop, Karen and hunky husband Bill head to a retreat called The Colony, operated by Karen's shrink. There are all sorts of weirdos there at The Colony, plus some werewolves slinking around the place. The trouble first starts with cattle mutilations, then escalates when Bill is bitten by a werewolf. Things really kick into gear when Bill totally wolfs out whilst banging The Colony's resident hootchie-mama - herself a werewolf. Karen freaks out and calls her producer/reporter/BFF Terry to come keep her company. Terry is pretty quick on the uptake and starts putting things together and then everything just totally falls apart for poor Karen and her cohorts.
The werewolf transformations are outstanding, nearly on a par with American Werewolf in London's, only a bit grosser. There are a couple of boob and butt shots, some hacking off of limbs and a reasonable amount of gore. Super-awesome flick for those of us who love new classic monster movies with practical effects - I'll take a werewolf flick over a slasher any day!