Not exactly frightening, it's still a fun ride and does have several recognizable actors in it. Starring The Lost Boys alum Corey Haim (back in the day, before he was part of the dynamic duo of Corey (Haim) & Corey (Feldman), Megan Follows (Anne of Green Gables), Everett McGill (Twin Peaks, The People Under the Stairs), Terry O'Quinn (LOST, The Stepfather), and the ever-popular Gary Busey (does he really need an introduction?).

They live in the small community of Tarker's Mills, where something strange is afoot (literally). A series of grisly murders has put a pall over the town, causing a curfew to be set in place and folks to hide in their homes after dark. Local authorities, headed up by O'Quinn as Sheriff Haller, are at a loss, unable to explain why it appears like a monster is picking through the town for its evening meals.

As the audience, we are well aware that the culprit is a werewolf. If we couldn't have figured it out, the ominous music that plays every time the wolf is circling its prey gives it away.
When several of the justice league are taken down by the wolf, Reverend Lowe (McGill) takes it upon himself to try to get the town to stop taking matters into their own hands. He begins to have disturbing dreams about the savage deaths of community members.

While setting off fireworks near a local covered bridge in the dead of night, Marty is startled by the werewolf, who has shown up uninvited for a midnight snack. But Marty is able to shoot a firework rocket into the wolf's eye, maiming it. As Marty speeds away on his bike, it's obvious that we are soon going to know just who the werewolf is - with an injury to the eye he or she will be easy to pick out.
Which is exactly what happens. As Marty tries to convince Jane and Uncle Red that there is a werewolf in town, we are privy to his identity - which lends a whole new aspect to the movie. And when the trio discover who the werewolf is, things again shift and it's all about ending the wolf's wrath.

There does seem to be an unusual amount of graphic violence at times, and more blood than the film really deserves. Silver Bullet should have absolutely been rated PG, as it just doesn't have the chops to be an R-rated horror film. But with Stephen King penning the screenplay it's my feeling that he amped up the gore and made sure it wouldn't be "just another kid's scary movie".
At this point in time, it seems fairly campy, but that's part of the fun of it. While I used to think the werewolf special effects were really good, I realize now that they are relatively mediocre. But they are actually not too bad for practical effects for the time, and the plot has a bit of mystery that keeps it interesting till the end. (But I have to say, for a really cool werewolf, you need to look to The Howling, four years Silver Bullet's junior)