The SyFy channel is infamous for its horrible movies. If there's nothing else on TV late at night, I'll tune in to watch some extra cheesy action or horror movie on there. I wouldn't say I really like them though. I try to be optimistic and give them a chance, but I saw this really terrible "Transformers" copy... I think it was called "Transmorphers"... anyway, I couldn't even finish the movie it was so bad. Usually SyFy has some really weird giant alligator movies or robotic sharks or something really corny along those lines. I'm patient with older films because I can understand they couldn't do that much with technology at that time, but if you watch the old "Superman" films compared to the recent "Man of Steel", there really is no comparison of which is more aesthetically pleasing.
The Room is a lot of fun, but you have to be ok with gratuitous almost comical sex scenes. I would personally cut those out. It's a horrible film - you would have to see it with a lot of people, some who have seen the movie already so they can be prepared.
Bad movies that are fun to watch are absolutely amazing. I just watched the gem, Anaconda vs Lake Placid. How does an anaconda fight a lake? I dunno but this movie has ninja crocodiles and that's all I need to know.
I also recommend 3 Headed Shark Attack, Danny Trejo kicks some major ass in that one.