Oh boy do I ever remember this movie. Scared the shit out of me too. Right up there with Flight of the Navigator in nostalgic factor.
The Peanut Butter Solution (1985, Trailer) (via )
This movie SCARED THE SHIT OUT OF ME when I was a kid, I think I watched it when I was about 7 years old or something. It’s one of those movies where you don’t remember the title, just vague plot references. Yay google search!