Gotta respect any villains who wear full-body fishnet bodysuits under their uniforms. Outstanding.
Whedon said himself that important members of the crew missed the point of Buffy, but as a first draft it's pretty good.
Watch if you want to see Rutger Hauer as one of the most camp villains in all of history, some genuinely good slapstick, and Donald Sutherland dramatically stepping into frame. Don't watch if you don't enjoy fun.