These are what we call the 'YMMV items.' Things that some people find in this work. We call them 'your mileage might vary' because not everyone sees these things in the same way. This starts discussions in the trope lists, a thing we don't want. Please use the discussion page if you'd like to discuss any of these items.
Even Better Sequel: There are some fans who believe this, and consider it even better than the original. That fact that it's widely regarded as the best of the entries that Craven didn't direct helps.
Fridge Horror: The souls of the people Freddy kills gives him strength, now imagine all the deaths from 1, 2 and 3 up to that reveal. That's about 21 people he killed on screen and counting.
Special Effects Failure: During Kristen's first on-screen nightmare, as she's running down the hall carrying the little girl, it's painfully obvious she's actually carrying a doll or mannequin.
Could be justified, as it's unclear exactly when the little dream-girl turns into a little dream-skeleton.
Squick: Joey is having a dream where he is making out with a hot nurse... who turns out to be Freddy in disguise. Sweet dreams, everyone. It was going to be even worse originally: Freddy's head was going to be on the naked nurse's body.
Surprisingly Improved Sequel: This film is considered a markable improvement over Freddy's Revenge, which while not completely bad, deviated too much from the first film's plot.
They Wasted a Perfectly Good Plot: The whole "special powers in your dreams" thing never amounted to much. At best, characters just briefly delayed their deaths by bombarding Freddy with attacks that were just minor annoyances, and in the end its not the powers or teamwork that beat him, its Neil shoving his corpse into a hole and attacking it with holy water and a crucifix.
Although the combination of powers and teamwork does allow several dreamers to stay alive long enough for Neil to get the job done, giving this film's teens a better rate of survival than most entries in the franchise.