It's bad.
The graphics are okay and the sound is serviceable, but that's about it. Problems:
* The story is beyond stupid. I realize it's supposed to be stupid, but damn, man--never go full retard!
* The engine is super buggy, featuring some of the worst hit detection I've seen in a game of this type. The big fly monsters were particularly bad in this regard, with at least 50% of direct hits passing right through them.
* Why does your character flash after being hit? In most games, that signifies that you have temporarily invincibility so the monsters can't cheese-kill you. The monsters in this game, however, have no problem hurting you while you're flashing. :/
* Picking life or magic during level-up seems to do nothing more than refill to corresponding bar. I pretty much stopped leveling those things at all at level 4, and just put levels into power, which actually does something. Was that the intention?
* I got to the final boss and he just teleported me to some alternate universe where everything was the same except all the monsters were tougher. What? I seem to remember that in the games you're ripping off, you actually beat the game first, and THEN have access to a second world, IF YOU WANT.
So, anyway, I got stuck in some dungeon with three locked doors and only two keys, which I assume was supposed to be another stupid joke, and threw in the towel. It had become clear that the whole game was just a really bad joke intended to make fun of the player, rather than the genre. ha. ha. So funny.