Hey, chenzzo-
I'd probably end up in a three-way barbed-wire bat, falls count anywhere Hardcore Match with Butane and Nick Nunziata for the title of Horror Know-it-All here at CHUD, but It'd end with me clenching Nick's still-beating heart in my Left Hand Black, and Johnny's larynx between my teeth-

-but...
I'd keep-
Nightmare on Elm Street-Before he was a wildly-successful cartoon character, Freddy Krueger was the surreal psychological afterbirth of the sins of amoral parents perpetuated on their innocent children. It is because of this that the central idea of Freddy resonates.
Evil Dead 2-The film's sucessful melding of gore-drenched horror and ludicrous slapstick influences horror films to this day, and it's explosive camera has most definitely taken over mainstream cinema. If you need any proof-when Stallone drops in the streetfight at the climax of Rocky V, the dementia in his head is rendered Sam Raimi-style.
Remove Pet Semetary-not that it's bad, it just that, by the very nature of your thread, we're looking for essentials. I'm trying to compile a list that, when you step back and look at the whole thing, you can create a family tree-something to which you can trace the roots of contemporary horror.
Remove "Dracule"-DOKTOR, PLEEEZE!
Remove Scream-again, not because it's bad...
Add Halloween-Scream simply pays good-natured homage to this film-and without Wes Craven's direction, which deftly uses the widescreen image in the same way Carpenter did-to conceal and reveal, it would, I'm positive, be no different then the clones and ripoffs over the last twenty years.
Add Night of the Living Dead-get a hold of Anchor Bay's vid release of the Elite THX Laserdisc transfer-and the film feels as vital and contemporary as any film released today. The socio-political/race-relations ground that is subtly covered...the knowledge that the living humans are acting with with more savagery than the creatures they combat-It's so urgent and it rings so true. This film is the archetype for "Docu-Horror."
Add Psycho-I shouldn't even have to explain this one. Profoundly influential and absolutely legendary.
Anyway, that's my go at it. And my opinions are so valid and correct that I expect this post to be the final word on the subject.
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Next!