Alien from LA
Bit of backstory on this. Kathy Ireland was my supermodel crush. As in I regarded her by far as the hottest supermodel around (And this is with blondes being my kryptonite). During a slow summer I happened to go to HBO and low and behold, this was on. So I watch it, and yeah, it's bad, and I did not picture that voice with that face, but hey, it's my crush so it was worth it.
Then I learned the guys riffed it, so I watched it about 15 years or so ago, and I thought it was okay. Pretty slow, and not much memorable. It was just there. So now I decided to watch it again on youtube since it's 'officially' there, and actually it's better than I remembered. The movie is still awful on a low budget, but its competent at the same time. There are a lot of jokes about KI being hot and her voice (both of which are fair since she is a super model and it's not like they've riffed too many of those, and that voice is squeaky), but there are other amusing lines in it. Lots of bad Austrailian accents. etc. The skits are pretty good as well with a Full Metal Jacket skit and 'Vend-a-gut' and 'Udder Fridge' inventions. Also loved Clay's first line about Mike's Pyle impression.
"Ah, I see you've decided to go full psycho. Godspeed."
But there are a lot of lines in movie, such as calling in reference to the Aussie accents, 'So this is 'Sad Max', and a number of others that were entertaining. While not in the upper echelon, I'd say this is pretty good and worth a watch. It's certainly fairly unique in a casting sort of way.