Pony Trouble is a look at how childlike wonder and joy twist into self-serving hedonism when sheltered suburban youth unprepared for the real world wake up with sexual energy and social drive. The social commentary of this movie is deep and wide.
And at the other end of the spectrum, the plot of the movie itself is just awful. The dialog seems to hover somewhere between adequate and amusing, but you wouldn't know it because the dialog is frequently impossible to hear. The plot (as it is) never gets old because it careens and jolts like a super ball thrown down the side of MT Everest. There is an entire sub-plot about a vampire that is A: never explained and B: never resolved. Even using terms like sub-plot seem inapplicable to this movie, which feels akin to flipping channels when every station is covering vastly different aspects of the same event.
This is not unusual for the movie. People get their head cut off. Drunken half-naked women press up into glass doors. Plots die off as fast as characters. Robots show up. People put on beards and kiss while downing pills. The acting is surprisingly good considering what the actors had to work with, but Pony Trouble was clearly made by unfunded film students to be as bad as possible.
In the grand scheme of things, Pony Trouble is downright awful. But A: it is wonderfully awful, B: it is never boring, and C: it does stick with you. Its driving strength is in just how often it breaks the rules of film-making. If you're looking for the next Clerks, you may want to look elsewhere. If you're looking for pure camp for a college get-together, this film is attack-of-the-killer-tomatoes worthy.