I've seen that movie. It's old as **** and it was awesome. The second one sucked though.
Is this a remake?
It was made this year, and there is no mention of it being a remake or there being a sequel on Netflix.
the only other movie with a similar name on Netflix is a slasher flick.
edit:
I even checked IMDB and the only other movie you could be talking about is Slices and that is a compilation short story movie or something. So I'm not sure what you are talking about.
p.s. I've had this movie on my Netflix list for a while now, completely forgot about it though.