While "Episode 50" contains some legitimately spooky imagery and shocks, these things are squandered by a film that doesn't know how to exploit them. An undercooked plot, an unpolished cast, and a look that is mostly free of style and appeal help do this film in. Still, there are worse low-budget horror flicks out there; and, for some people, the frightening imagery mentioned above might supply enough satisfaction to make the experience worthwhile.