I saw this movie last night with a couple of friends. If you're drunk as hell, this is the movie to laugh at.
I would also strongly recommend acting classes to play this video to take notes on what NOT to do in acting AND screenwriting. Just look at the main character.
I do, however, share Tommy Wiseau's taste in 1990's R&B music. The scoring is excellent, especially in love making scenes.
I do see why this movie has a cult following.