I get hella stoned and watch Foodfight! at least once a year. It’s my “favorite” movie.
Everything about it, from the implied beastiality between Charlie Sheen and Hillary Duff, to the weird gay bat, to the shitweasel 
is a masterclass in what not to do in a movie. It transcends badness and becomes something sublime. The entire plot is about how store brands/generics are Nazis, and one of the Nazis absolutely chews the scenery in a way that makes Brian Blessed look reserved.
By all accounts The Boondock Saints is a "bad" movie but we all watched it when we were 12 and thought it was fucking awesome and still do.
Equilibrium (2002) wasn’t well received when it came out. I think it’s still “bad” on RT but imdb has it at 7.3 now. I don’t care if gun-kata is silly and dumb, it looks cool as fuck.
Velocipastor is an amazing bad movie that intended to be bad. There's even a scene where a car explodes and it's just some text that says "VFX of car exploding"
It's about a pastor that can turn into a velociraptor... When there's gore it's like obviously fake, like a head rolls off and it's clear as day that it's a mannequin head. It's so bad it's amazing.
Oh yeah, and there are ninjas.
Kung pow enter the fist. Steve oedekerk, not Bob, intentionally made a bad movie by over dubbing rewriting bad 70s martial arts films. It's absurd and stupid. I love it.
The Riddick Chronicles. Bad acting, bad CGI, Simple stupid inconsistent plot, one dimensional characters. perfect bad sci-fi.
That Speed Racer movie that the Wachowskis made. I’m not gonna pretend it’s underrated, and I’m not gonna try to convince you to like it. They made it for me and me alone.
Sucker Punch
The internet loves to shit on it. I've always enjoyed it. It's a visual/audio treat.
Another one: Orgazmo https://en.wikipedia.org/wiki/Orgazmo
By the guys of South Park.
Probably Kung Pow: Enter the Fist, but honorable mention to Chopping Mall and Primo Baby for being so terrible they're amusing.
Super Mario Bros. 1993. It is by far the movie that puts the biggest "fun" smile on my face, especially when watching it stoned. It's so goofy in the best way and comes across as funny in a way that makes me have fun with it every time.
Six String Samurai.
"Nice tuxedo... nice tuxedo TO DIE IN!"
Bulletproof Monk. It's corny but it puts a smile on my face every time.
The Mummy (1999) I believe was panned by critics at release, but I think it's an absolutely fantastic and humorous adventure film.
Ice pirates is way up there. Amazing cast, great sets, the absolute dumbest plot.
Stuff I haven't seen mentioned yet:
1984 Dune. It's one of my favorite movies period.
Return of the Killer Tomatoes is on my top 10 favorite bad movies I'd say. Top 20 at least.
The Tune (Bill Plympton movie).
Clue (and very similar Murder By Death)
Empire Records
Cool as Ice (Rifftrax edition)
Actually, on that front - The Room + Birdemic (Rifftrax edition)
Zardoz
Original Little Shop of Horrors
Raw Force (1982)
Martial arts students visit an island with ghosts of dishonored fighters. They encounter a Hitler lookalike running a female slavery operation, leading to encounters with cannibals, piranhas, zombies, and chaos.
Absolutely stupid low budget insanity.
Bubba Ho-Tep. Bruce Campbell is a still-alive Elvis forgotten in a nursing home. He’s got to fight a mummy that’s sucking the souls out of old people’s assholes. Also Black JFK assists. It really shouldn’t work, but it somehow manages to.
Shoot 'Em Up.
It's kinda like John Wick but also kinda like Bugs Bunny.
Hocus Pocus - "Dance! Dance! Dance until you die!"
Not yet seen mentioned:
UHF - Weird Al's good-bad classic
Spice World - The Spice Girls knew what they were doing.
Shaolin Soccer - Yes, Ninjas would be good at sports.
It's a tie between: The Adventures of Buckaroo Bonzai Across the 8th Dimension
See John Lithgow chew the scenery as the villain, plus Jamaicans are the good guy aliens. Classic bad movie, but fun to watch.
and
Remo Williams
It's terrible, it's racist and sexist in a 1980s way. But it has Kate Mulgrew and she's awesome in it.
Either Master of Disguise (1/100 on RT) or Joe Dirt (9/100 on RT)
Explorers 1985! I love this movie to bits and never knew it was considered a flop until recently.
No ones said "The Room" yet, so I'll go with that. Saw it once with Tommy and Greg in the audience, and another with just Greg (and a bunch more without either). But the ones with the cast there, you couldn't take a step in the theater without stepping on a plastic spoon.
Either that or anything by Neil Breen.
Getting any? by Takeshi Kitano, the greatest filmmaker ever. https://boxd.it/13h6
Trailer: https://www.youtube.com/watch?v=Q7nCJdwf0ww
While pursuing his dream of having car sex, a goofy middle-aged man makes all the wrong moves and ends up enrolling in a number of crazy escapades.
It's so bad it's good.
The Cat in the Hat (2004) is my pick. I loved it as a kid and I still love it as an adult. Lots of humor for all ages and all the practical props and sets are so neat.
Encino Man
Kung pow! Enter the fist.
Take off, eh! The answer here has to be Strange Brew. Only movie I ever watched that taught me how to get free beers.
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