Veteran horror director Wes Craven was responsible for the hit 1984 film A Nightmare on Elm Street, which introduced the character of Freddy Krueger. After Craven sold the rights to his character, Krueger became filmdom's top grossing monster, with five sequels by 1991. In this post-modernist horror film, Craven plays himself, a filmmaker working on a script for a movie that seems to be spinning out of control. Also playing himself, as well as playing his customary character Krueger, is Robert Englund. The original teenage hero of the first Nightmare film, Heather Langenkamp, also plays herself. She is still haunted by Freddy dreams, but Craven convinces her to make another Krueger film to exorcise her demons. Unfortunately, her son Dylan (Miko Hughes) is being taken over by Freddy himself, who materializes and kills Dylan's beloved nanny, Julie (Tracy Middendorf). Dylan, possessed by the evil spirit, escapes from the hospital and tries to cross a freeway with his mother in pursuit. Craven finds that his character has literally become a creation out of his control.
by Michael Betzold synopsis