It might not be one of the most well-known of comic sources, but the graphic novel series this sequel (yep, another Bad Kids movie exists, it just won't have hit your radar) has a lot of fans. That can be the only reason why one bad film exists, let alone two.
The first film flopped, but apparently that didn't stop its backers from trying again with an attempted black horror comedy that simply isn't scary or funny. There's lots of gore and Sean Astin appears (before Stranger Things season 2 gave him a positive image adjustment), but there's very little else of notable substance.
Watch it if you want to see some silly deaths, but maybe just stick with Saw and Final Destination if that is all you're looking for.