Is it any good?
Perhaps if you were a teenager.
The humor is quite juvenile and works well for that crowd which thinks 'hey dude...let's party' is one of the greatest lines ever uttered in a movie.
Of course, I saw it at the time it was released so I don't really know how I would feel today. I didn't like Airplane when I first saw it years ago, but like it today. The humor of both movies, going for the obvious, is not that far apart.