I thought the original Phantasm was an excellant horror movie........all the sequels sucked. The very existance of the Phantasm sequels is pointless. At the end of the first one you learn that the whole movie was (or was it?) a dream. Characters who lived in the movie are dead at the end and people who died are alive. Then you go to part 2 and wait, it was a dream yet it is really happeneing? It just makes absolutely no sense beyond the ending of the first one. This was a great movie that was made to be ONE film. It wrote itself into such a corner with its trick ending that to even try to advance the story totally contradicts everything that you enjoyed about the movie.
The franchise basically tells you "Yeah, the first movie was the best one, but that movie didn't really happen, the real story is parts 2,3,4.
Totally stupid. First one is a true classic. Ignore the rest.