Monster in the Closet (1986)
Monster in the Closet is a 1986 horror comedy with a veteran cast, including Howard Duff and John Carradine, as well as The Black Eyed Peas' Stacy Ferguson and Paul Walker in early roles. The film was distributed by Troma Entertainment. In the GotchaMovies article "Final Destinations and Killer Condoms", Monster in the Closet was selected as the 8th greatest moment in teen slasher history.
More at Wikipedia.