I've got Gator Bait on VHS. Fun movie, but I probably won't upgrade. It's still plays perfectly, and I really don't watch the movie very often.
Definitely going to grab Gator Bait 2 though! I actually prefer it to the first film, so I'm not sure why I don't own that one on VHS.
The SRP is super low and it comes with bonus features, so even if it is just a VHS rip it should be a solid buy.
I hope the "English & Espanol" isn't on the actual cover though, it makes it look super cheap.