An uncredited adaptation of the Lurking Fear, Hemoglobin (as it is titled in the current US DVD release) stars Rutger Hauer as a drunken doctor recently moved to a small New England fishing community. The arrival of John Strauss (played in near-albino fashion by Roy Dupuis) raises some interesting questions.
The basic theme of Lovecraft's story remains unchanged. A family of incest-deformed monsters live beneath the town, feeding on the dead. Of course, Lovecraft provided a description of the horror in the Lurking Fear and yet, to my knowledge, there is no adaptation that has bothered to be true to this fairly simple detail.
The movie is fairly fast paced, though the insertion of a sex scene comes off as forced and staged, interrupting the film's progression for the purpose of a few quick breast shots. The creature effects aren't that great, indeed, they are probably one of the poorer portions of the film. The footage of the underground catacombs though? That is just wonderful.
The film tries to play with atmosphere, and does us the courtesy of not waving badly made up monsters in our face. Indeed, one of the more tense scenes plays out mostly in shadow as the creatures storm the local lighthouse.