Not a masterpiece of filmmaking, but i prefer it over parts 2 & 3
It have less boring parts (part 2 puts me to sleep); it's way better in terms of performances (the annoying kids of part 2, i was hoping that the shark would kill them all) and it's straight to the point as a low-budget B-flick that mixes the creature feature & the slasher movie genres. This movie keeps me excited all the way through even if the story didn't make that much sense (the shark's ride from NY to Bahamas), but with suspension of disbelief this movie delivers the goods as a decent "Midnight Session" movie.
Worst movie of all time? Not even close!!