For a film this old, it holds up very well. Eccentric family doing extreme weirdness in an isolated old mansion? Sign me up.
It's interesting to see the no-budget indie flick that started the career of a filmmaker whose work you really, really dig. There are hints of genius in what could have easily been another Troma-tinged torture flick, along with some great style and witty satire of the NYC art scene. It also gives some context to see how much he has grown as a writer and director. If you're a fan of Saulnier and Macon Blair, watching this is kind of a no-brainer.