I've seen worse horror films. As a DVD, Fright Night isn't special editioned, which is slightly disappointing. The print has aged a bit, and shows a little of it. Initially, the colors are bit muted, but my LD looks the same way, so I'd have to say it was the original vision. Once the vampire hunt is on though, the colors get rich and deep.
Skin tones are pretty good too.
The sound is Dolby Digital 2.0, and it's just as okay. No solid audio punches are scored, but you can hear what's going on. Personally, I would have liked some more effort put into this film. I'm at least a little happy. Do yourself a favor, and pick this one up for those late night pizza parties.