Generally, there is a rather negative stigma attached to horror movie remakes. While some of them can be great, like John Carpenter's The Thing or David Cronenberg's The Fly, the majority of them seem to be nothing but garbage meant to cash in on a recognizable name and the nostalgia of a generation. While Night of the Demons isn't a great movie by any stretch of the imagination, I'm not sure I can throw it into the same trash can with the likes of the Friday the 13th and A Nightmare on Elm Street remakes.
While the film's story has a number of flaws and most of the characters are rather bland and forgettable, Night of the Demons makes up for its faults with some really well done make-up and special effects, some decent performances, and a sense of fun that keeps the audience from walking out.
Most of the film's special effects seem to be practically done, which is something I always like to see, and happen to be rather effective for the most part. The make-up for most of the demons, with Angela's and another party-goer named Suzanne's in particular, is equally great and looks pretty damn cool.
While some of the acting in the film is rather mediocre and bad, Monica Keena and Shannon Elizabeth do a decent job with the script they have been given. It's actually rather surprising how good Elizabeth is at playing a demon and Keena presents Maddie in a way that makes her rather likable.
Finally, but most importantly, Night of the Demons knows what kind of film it is and decides to just have a fun time being loud, gory, and goofy. The film is presented with its tongue firmly planted in its cheek and embraces the underlying silliness of the situation. This is a movie where a girl is possessed by a demon that was banished from hell and has the ability to shoot tentacles from her breasts. I think that one effect perfectly captures the tone this film is going for, and if you can accept that tone, you will have a good time with it.