80s horror-who needs chicks when u got demons!

[yanoosh]

im trying to find a film, 80s horror i think with cheap special effects, there's a sort of nerd that gets entangled in some stuff with demons..theres a little monster thing that is like 1 foot tall and attacks the main character, theres also to bullies that always harass  the main character. one of them says the line, chicks man, who needs frends when u got chicks and the two bullies eventually become demons and at the end of the movie 1 of them says demons man who needs frends wen u got demons. thanx any help appreciated!

[Joe]

That would be "The Gate 2".