Geeze, lots of movies from that time period that for some reason people forget about. Trying to forgo those that have a major cult following, I would have to suggest the following.
In the horror department:
Dust Devil
Spookies
Rumpelstiltskin (from the director of Leprechaun)
Zombie Nightmare
Rock and Roll Nightmare
Society
Brain Damage
Pranks (aka The Dorm that Dripped Blood)
Slugs
Alligator
From Beyond
The House by the Cemetery
Rawhead Rex
The Stuff
Deadly Friend
Other stuff:
My Demon Lover
Electric Dreams
The Legend of Billie Jean