I'm not a person who worries too much about production values, or even plot or acting when it comes to low budget films. I mean, Uwe Boll can be pretty good now and then. I loved Bloodrayne one and two and looking forward to Postal.
This is a whole other thing entirely. My absolute number one worst movie I've ever seen. This honour was previously held by Snapped http://www.imdb.com/title/tt0432354/ which in retrospect while unbearably overlong, tedious pretentious and silly had one or two moments where I almost laughed when I cringed. The lesbian "beating up" the guy who owed her money was almost worth more than utter disbelief. Still not worth watching the film for, so don't subject yourself to that either.
I love a good no-budget film, like Ankle Biters, Splatter Beach or The Janitor. This though is so below any other standard as to deserve it's own genre. It's almost un-watchably excruciating. No redeeming features AT ALL! I could not believe what I was watching.