This movie is a totally different spin on Horror! The Reality TV side really turns this thing into something totally different. Yeah, it's a little less scary than say "The Exorcist" or "Final Destination", but the film's comedic take on TV Reality Competitions (and traditional horror movies) really did an amazing job of making fun of that world. If you're looking for a true "Slasher" film, though, stop right there because this ain't that.
But if you're looking for something that will make you laugh a little bit while you're cringing from some elements that leave a little more to your imagination than watching people getting straight up ripped apart, gutted, or sawed in half, then my advice would be to watch this more from the funny angles that it gives to the behind-the-scenes segments from shows like "American Idol" and "The Bachelor" instead of the very serious and frightening tone you might normally expect from a regular horror film. It's basically "Scream meets "American Idol" and "The Bachelor" with less stabbing the heck out of everyone like they do in "Scream."
Snoop Dogg and Stephen Baldwin are in the house, so that's always cool! It's like they predicted him being a judge on "The Voice" before it happened! David Chokachi's take on a sleazy producer will seriously make you wonder if he's actually like that in real life :D And who the heck doesn't like Isaac from "The Love Boat"? One of the lead characters, played by Joanna de Castro, is a devout Christian (go figure) but I got over it pretty quickly as she is definitely easy on the eyes no matter what she believes. And Juliana Destefano turns in a really solid performance as Amy. Seriously though - you'll probably wish the other women in the competition get killed almost as much as she does with her Vision Boards ;)
So go grab some beer, grab some popcorn, and sit down to enjoy "Blood Pageant" for what it truly is: something completely original that will definitely make you laugh and may even get you thinking differently about this genre.