Amazing Stories

[Mockery]

Trying to help a buddy remember the name of this movie, I swear I know it and have seen it before, but I can't seem to recall the title:

"The jist of it is that these kids have some type of goo that can make pictures in magazines turn real. (Not Weird Science, though.) So, of course they would pour it on a couple pictures of hot babes but the babes would get too enthusiastic and nearly smoother them to death. The kids decide to put the goo away, but end up spilling it on a picture of a monster when they leave the room. Classic 80s."

Any ideas? It's on the tip of my tongue damnit, but I can't seem to find the title and it's not in my DVD collection, I already checked.