This isn't a movie, but a show about bad movies. I hope that's okay.
I'm trying to remember a TV series from the late '90s or early '00s that aired on late, late night North American cable (Possibly fx or USA, but it may have been syndicated). It was a half hour series about bad movies-- usually horror-- like Basket Case 3 and Jack Frost 2. It featured a condensed version of each movie with funny commentary and trivia and each episode covered 3 movies. There was no host and I think it was a mixture of voice over and pop-up factoids.
I remembered loving this when I was an insomniac in my early '20s and not being able to think of the title is making me nuts.
Fast Food Films on Fx back in 1999.
http://www.imdb.com/title/tt0202187 (http://www.imdb.com/title/tt0202187)
I used to watch it and tape it every week. You can find parts of the episodes on Youtube.
! No longer available (http://www.youtube.com/watch?v=yn-PqSXA8y0#)