To be entirely fair to this goofy looking movie, it wasn't that bad for the time, it had some decent skateboarding, and a lot of famous skaters from the time had cameos and did some of the skate stunts.
So...it wasn't a masterpiece, but it wasn't complete shit either.
I saw this again recently. It most certainly WAS complete shit, but in an entertaining way. My favorite line was when some Vietnamese gangsters accuse Christian Slater of harassing them:
Cop: He says you called them "fucking faggot slant-eyed gooks."
This movie is incredible. Another masterpiece filmed in Orange County, just ten miles from where I grew up. It's truly one of the best worst films ever made.