* FirstInstallmentWins: Widely regarded as the best film in the franchise and a landmark in horror films.
* HarsherInHindsight:
** At one point, Tina notes that nightmares foreshadow earthquakes. L.A. was hit by those during the filming of ''Film/WesCravensNewNightmare''. Interestingly, they [[ThrowItIn actually worked]] [[RealLifeWritesThePlot the earthquake]] into ''New Nightmare''.
** With the advent of the Internet and online stalkers, the movie's themes have become more relevant than ever.
* HilariousInHindsight
** Creator/JohnnyDepp getting killed off by a man with knives for fingers. Depp later gets out of [[Series/TwentyOneJumpStreet Jump Street]] by playing a man with [[Film/EdwardScissorhands scissors for hands.]]
** Nancy's boobytraps are pretty ''Film/HomeAlone''-ish.
* HolyShitQuotient: Glen's death.
* NightmareRetardant: At the end of the film, when [[spoiler:Freddy drags what is supposed to be Nancy's mother through the little window in her front door as a [[NotQuiteDead final scare]]. It's a [[{{Narm}} hilariously]] [[SpecialEffectsFailure obvious mannequin.]]]]
* RetroactiveRecognition: This was the first movie Creator/JohnnyDepp played in.
* SpecialEffectsFailure: Freddy's stretching arms look rather shaky by modern standards. The mom mannequin at the end doesn't hold up either.
* VindicatedByVideo: The movie did solid box-office business for a low budget 1984 movie, but it was the home video sales that really demonstrated what a money-maker Freddy could be.
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