[Bub the Zombie]

Schlock cinema - worst of the worst movies. Zero budget, almost-nil production values, shitty direction, exasperating acting and editing, etc. (You get the idea).

Occasionally, 1-2 of those find some sort of audiences and get some recognition. But that is putting it in a very broad perspective.

In a nutshell, they are movies which make shockingly bad cheesy cinema look awesome in comparison.

Now, splatterpunk is a totally different cup of tea. Its a true sub-genre in every sense, and also includes stylish and chic film-making production values too. Like Newb pointed out in his blurb, Flesh For Frankenstein is a true pioneer of all things splatterpunk - which was later elaborated on by the likes of Return of the Living Dead, Peter Jackson's earlier gorefests and Troma. There's some comic in it, some gimmicky. Overall, very cheesy, very entertaining (and) satisfying for the hardcore fans.

I hope this clears up a lot of doubts.