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From the liner notes

Terror Firmer: A low budget film crew tries to make some art, only to be stalked by a deranged killer. As the insanity increases and the bodies amass every one asks, “Who will be next? And who is the killer?” You will have to watch to find out.

Screamplay: the story of aspiring screenwriter Edgar Allen, who's best attribute is his wild imagination. He imagines scenes so vividly for the murder mystery he is writing that they seem to come to life...and they do!