NOT scary for adults
I watched this on FearNet today and was not scared once. Parts were "creepy," but never scary. I guess the fact that I was already familiar with most of these urban legends (and therefore their endings) is mostly to blame. Also, if you've seen the movie Reeker, you won't find the "twist" at the end all that surprising.
However, if you remember reading a book called "In a Dark, Dark Room" when you were a little kid, then you might get a kick out of this movie. Remember the story about the little girl named Jenny who won't tell her childhood sweetheart why she wears a ribbon around her neck? Then, after they're married, when they're old and Jenny is on her deathbed she finally tells him to take it off. Campfire Tales does an interesting take on this story called "The Locket." It was my favorite part of the movie.
"I mean, Pussy Galore, what a total *beep* misnomer. I wouldn't touch her with yours." Sick Boy