The Lair of the White Worm, based on the work of an obscure novelist named Bram Stoker, is utterly cheesetastic. And do you recognize the actor playing the Scottish archeologist?
If I hadn't seen his name in the opening credits I probably wouldn't have realized who it was. If you've been on the Observation Deck or the io9 main page in the last few months you've seen him a lot though.
Anyway, as cheesy cult classic horror movies go The Lair of the White Worm is one of the best. Amanda Donohoe brings the sexy evil and Hugh Grant brings, well, Hugh Grant. If you haven't seen it, I heartily recommend it if you like this kind of movie.