After an African dinosaur ancestor of the crocodile is found, Dr. Campbell uses its DNA to create prototypes at Paula Kennedy's Gereco lab.

Slaughter Studios has a legendary reputation as the place where a slew of classic low-budget horror movies were made. Long since abandoned and now in ruins, a group of aspiring filmmakers led by director Steve decide to break into Slaughter Studios so they can shoot one last B-grade creature feature on the premises before it meets the wrecking ball. However, things go awry when Slaughter Studios proves to be the stalking grounds of a vicious psycho.