The plot involves a hairy guy named Paul who picks up a creepy old man who was injured in a car accident. The old man insists on taking along this jar wrapped in a bag. Paul takes the old man back to his (Paul's) apartment, the old man vanishes and Paul is left with this jar, which contains this little blue monster that looks like one of the Ghoulies. After that, things get weird as Paul hallucinates and/or dreams all this stuff.
I suppose there could be some symbolism in the film, but we know nothing about Paul before the dreams start, and the dreams seem to have no connection to anything that is happening. My theory is that the director or writer or whoever it was that decided to make this movie took all the weird dreams he had had in his life and rolled them into this painful film. None of the dreams are memorable enough to require a visual translation, though, so they're quite boring to watch. This begs the question of why he decided to do it.
This movie has the feel of a really bad student film. Someone attempting to make an "arty" movie.
Another interesting thing about this film is that it was made in Colorado, but appears to be badly dubbed. All the characters have these dull, out-of-place voices that don't seem to match their faces. It reminds me of B-Movies from the '60s like "Manos: The Hands of Fate" and "The Beast of Yucca Flats" that were either recorded without sound or had the sound erased, and then tried to put sound back in in post-production.
I think this is a bad movie, but I'm no expert. There could be some deep meaning to this film that I don't get. Give it a rent and see for yourself.