A number of reviews of this film mention "late night" and I think it's quite suitable for that kind of viewing. That's how and where I found it. I happened to be sick as a dog with a bad cough/cold, spending the overnight in a hotel not far from work due to a snow/ice storm that prevented me from driving home. Waking up in the middle of the night to calm my cough, I turned on the TV somewhere just after this film had recently started on a cable channel.
The story was off-balanced, weaving in and out of alternate realities, memories, hypnosis, and an overarching crime drama. It seemed a total mess, yet like a train wreck, it made me want to keep watching. Unfortunately, the ravages of my cold had me drifting off back to sleep before I could see where it was all leading.
That led me to wanting to find a re-broadcast or find it on home video. The best I could do in the early age of DVDs was to locate a VHS tape of it to finally see it all the way through. It made a lot more sense when I watched the whole thing, though it's still not what you'd call a great movie.
Still, something about it raises it above other 'bad' movies, so I've rated it a perhaps generous 7 out of 10 for its fascination factor.