Slashers
Tags: satire, murder

Plot synopsis:
The latest craze is $la$her$, a Japanese blood sport game show where contestants can win millions of dollars if they survive being hunted through various arenas by costumed killers. All crimes are legal on the sets of the show, and what few rules there are (like having to remain motionless during commercials) are enforced by shock collars that the players and murderers must wear. The latest episode of $la$her$ is an all-American special in which the six contestants (Megan, Devon, Michael, Rick, Rebecca, and Brenda) will be pursued by "newbie" slasher Preacherman, and returning fan favorites Chainsaw Charlie, and Doctor Ripper.
A few minutes into the game, the contestants are scattered, with the single cameraman, Hideo, following Megan and Rebecca. The women are attacked by Preacherman, but Rebecca stabs him in the eye with a makeshift wooden stake. The victory is short-lived, as Charlie and Ripper appear, cut Rebecca in half at the waist, and terrorize Megan, who only volunteered to be on the show to protest it.
Megan rejoins the others (with the exception of Devon) and together they reach the Bridge of Death, which is situated above a pit of spikes. The group is confronted by Charlie, just as a commercial occurs. During the break, Rick reveals he plans to save the others by throwing himself and Charlie off the bridge, which causes Charlie to panic, and agree to let Rick pass. When the show returns to the air, Rick reneges on the deal, jumping off the bridge, and dragging Charlie down with him, leaving only Doctor Ripper.
In the next zone, Brenda is beheaded by Ripper, and Megan and Michael are chased to the Love Room, an area where players will be left alone if they have sex. When Megan rebuffs his advances, Michael tries to rape her, but is scared off by Devon, his screams subsequently emanating from the room he enters. Devon (who is separated from Megan) finds Michael's body, and is attacked by Ripper, who he stabs in the ear with a stake. Michael (who had faked his death) then kills Devon, takes Ripper's gear, and goes after Megan.
As he pursues Megan, Michael reveals that he is in fact a serial killer, and that he only wanted to be on $la$her$ so he could die a spectacular death, though now that he has a chance of winning the game, he is going to take it. Michaels catches up to Megan just as another commercial airs, and during the down time he brags about his history as the Bible Doll Killer, content that the rules of $la$her$ make his declarations inadmissible in court. Megan turns the tables on Michael, stating that while what he says during the live broadcast cannot be used against him, the footage recorded by the always rolling camera while they are off the air can be used as evidence.
The break ends, and Michael lunges at Megan, but is shoved away by Hideo. Distraught, Michael goes ahead with his original plan of dying on live television, and commits suicide by decapitating himself. Hideo mocks the dead Michael, asserting that Megan was bluffing, and catches up with Megan. When asked why he stopped Michael, Hideo says that while he is fine with whoever is stupid enough to volunteer to be on the show dying on it, he could not stand the thought of "that sick maniac" being back out on the streets, several million dollars richer.
Megan rants at the staff of $la$her$, threatens to use all her winnings to try and bring them down, and tells Hideo (who has asked for money, since he will probably be fired for helping her) that she will pay him if he turns the camera off. As the credits roll, the sponsors of $la$her$ are shown to be the cigarette companies Black Lung, Coffin Nails, and Cancer Man.