A Nightmare on Elm Street on blu ray. Not an absolute classic, but enjoyable enough. Interesting how good some of the effects are, and how utterly pants others are.
I would have to say in the horror genre, it's classic and iconic. The early 80s saw the emergence of a specific type of bad guy/killer, rather than a generic one that had dominated slasher movies, all off the back of John Carpenter's Halloween in 1978. All of a sudden, the killer was the star, the one the audience was rooting for. Friday The 13th was made purely to cash in on Halloween's success, but went with a blatant visual style rather Carpenter's more subdued "in the shadows" approach. More followed, with most being made into franchises to continue to cash in (which Carpenter didn't want to do). Of all the horror icons, Freddy is the most interesting and I'd say the most iconic.
And Freddy saved New Line studios.
Looking back, Elm Street isn't my favourite franchise, it's not even my favourite character, but Freddy stands out as summing up what 80s horror was all about. It's just a shame it wasn't a bit darker (which is why I actually prefer the remake), and yes, most of the effects now are a bit naff, especially the extended arms in the alleyway, and the pointless lopping off of fingers in the back yard to try and scare Tina. Some great imagery though, like Freddy coming out from the wall above Nancy's bed.
I just wish it had been better. It had the potential to be the most imaginative horror series ever, as anything can happen in dreams. In some respects, it was, but it could've been so much more. Robert Englund was perfect as Freddy, and nobody is ever going to better him. Plus, he played Freddy throughout the whole franchise, whereas the likes of Jason Vorhees and Michael Myers used at least five different actors over the course of their run.
It was "of its time".