Like Freddy's Revenge, this sequel takes a pretty weird idea and doesn't go to great lengths to squeeze a story out of it. Basically Alice from number 4 is pregnant and her baby is haunted by Freddy which gives him an outlet to haunt her friends. This has the least deaths out of the whole series and the wise-cracks are quite poor, so neither the horror fans or comedy fans are happy.
I've not alot to say about this. It's moderately interesting to see the characters of Alice and Dan returning from four, but not worth watching a movie over. Uninspriring and unenjoyable, possibly only the competant direction saves it from being the worst in the series.