I can't really remember if i liked it or not, but i did see part 2. This is the one about the ghost of that 50s rocker with a Drill-guitar.
There were so many mistakes in that movie, for example: he throws a wine bottle behind him, (while he was singing and chasing that chick at the same time) and you hear it smash but see it plop safely into the thick carpet.
Can't forget the painfully obvious shadow of the camera on the wall near the end.
Also, there was not nearly enough nudity for a movie with that title.