It might be because I just grew up when I saw this film, but I found the fact that this film did not care about scaring a child sort of flattering to my young self. Sort of the same vibe I got from watching cartoon network, like "Yeah, stuff can give your child nightmares but hell, we don't care, have a dancing natzi mice king".
Not to mention the whole film is laughably bad, there are several scenes in my mind that still make me laugh at the though of "Wow, somebody though this looked good!".
Anyway, if you are looking to watch a bad film, that is so bad its good, this is one of my picks. Do keep an open mind and low expectations though, and you might just enjoy it yourself.