The Slumber Party Massacre (1982)
Trish (Michelle Michaels) is a popular basketball player whose parents have gone away for the weekend. Just so happens that the night before, convicted killer and mental patient Russ Thorn (wonderfully played by Michael Villella) has escaped from confinement. Awww...timing is everything! Val (Robin Stille) is the new girl in school as well as on the basketball team, who also happens to live right next door to Trish. Of course, Trish decides to gather her girls for a night of fun at her empty house. She suggests they invite Val, and is of course is rejected by her snobby & trampy friend Diane (Gina Mari).
Cut to the chase...the girls have there slumber party. Of course Russ has been following them around all day and is just waiting for his moment to strike. Val on the other hand is alone too next door, with the exception of her boy crazy 13 year old sister Courtney (Jennifer Meyers). When the pizza delivery boy shows up dead on Trish's doorstep- mayhem ensues. The girls (along with some boys who have crashed the Slumber Party) are scared to death. They are afraid to leave the house - so the boys volunteer to make a run for it.
One by one our teenagers get hacked away. Eventually Val and Courtney get involved in the goings on and before you know it our girls are in some serious trouble. (IMDB Boggman)