"B" Horror Movies You Should See.

Cover of Feast (Unrated Edition)

Ginger Snaps (2000) - A completely unique werewolf movie. Low budget, but in this case it made the movie seem very realistic and almost like a documentary. Two teenage sisters going through puberty suffer through more changes than most.
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Dog Soldiers (2002) - A nice little low budget British werewolf flick. Tense, edge of your seat action with some great dialog. No innocent teens here, just half a dozen soldiers armed to the teeth.
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The Feast (2005) - From the winners of Project Greenlight comes "The Feast". Low budget, funny and very, very, very bloody. It reminds me of "Evil Dead" in a lot of ways

Cover of Dog Soldiers

, which is a great movie but outdated at this point.
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Cabin Fever (2002) - A group of teens up in the woods dealing with toxic waste as well as some local hillbillies. I don't like movies when babies, mothers, or elderly people are killed but you can take out all the teens you want. That's just good clean fun.
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Wrong Turn (2003) - Another group of teen / twenty somethings venturing into the woods. This time they're up against a family of inbreds. There are actually some really terrifying moments in this one. The female lead, Eliza Dushku, you may recognize from TV's "Buffy" and most recently the series "Dollhouse".
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Cover of Wrong Turn

House of Wax (2005) - I think a lot of people missed this one because Paris Hilton starred in it and they figured it must be terrible. It isn't terrible. It's actually pretty good. The good: Elisha Cuthbert is in it. The bad: Paris Hilton is in it. The good: {SPOILER ALERT} Paris Hilton gets killed and in a fairly gruesome way.

Night of the Creeps (1986) - At 20+ years old this movie is an oldie but goody. It's classic in every sense of a "B" movie. Over the top acting, some very funny dialog and lots of blood make up for the lack of special effects. If you can get it cheap, pick it up.
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Cover of House of Wax [Blu-ray]

Jeepers Creepers (2001) - A relatively unknown Justin Long stars in one of his first films. A brother and sister driving through the countryside run into a flesh eating monster. Low budget horror at it's best. It's one of those movies that you find yourself yelling at the TV "Look out!" or "Turn around!". A must see for horror fans.
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The Faculty (1998) - A low budget film with a slew of stars appearing, including Josh Hartnett, Clea DuVall, Salma Hayek, Famke Janssen, Robert Patrick, Jon Stewart, Elijah Wood and Louis Black. Someone's become a monster, but who? There is more character development than most movies of this type but it didn't take away from the film at all. :)