And the Wikipedia entry is here: Grabbers!
Pure. Fucking. Genius.
It's the central concept that won me over. Irish fishing village, plagued by tentacular monsters, discovers the monsters don't handle booze. It's toxic to them. Obviously, the villagers will have to drink their way to victory.
Damn but that is a beautiful idea. No doubt it will not be showing at my local BlandMart Cineplex in Launceston, but that's okay. I'll lay hands on the DVD as soon as possible, and we will have a late-night showing in the cinema shed, with lots of drinkage for those over the age of drinkabilization.
Hooray!