I think we in Sweden call that kind of movies trukeymovies, and they are the kind of movies you whach, not because they're good, but because they're so terriblly BAD! They're allmost like a parody on itself.
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Übereil
On Belgian TV we have "Nacht van de wansmaak" wich means "Night of the 'badtaste/horrible'" where they show us such movies all night.
