This is, as the title suggests, indeed a sequel, although You're Next Parts 1 and 2 are short films that are included on the DVD release of Part 3. This tiny trilogy includes two early horror movie efforts of a tiny Twin Cities, Minnesota-based group of film makers called Not For The Squeamish Productions.
You're Next (Part 1) is just one scene. A woman is home alone, she gets a strange phone call, she stands to close the basement door, a guy in a mask sneaks up behind her and cuts her throat, the killer washes the knife and puts it neatly away, roll credits. It's about two and a half minutes long.
You're Next, Part 2 is also a single scene, featuring the killer in the same rubber mask. In this "sequel," the killer shows up randomly when a woman's car stalls in the woods and hacks her to death with a pickax. Again, it's about two and a half minutes long.
You're Next, Part 3 features the same killer in a rubber mask, this time wielding a pair of saw blades attached to a large wooden pole (yes, I know what I just wrote). So the credit as an "Axe Wielding Madman" is somewhat misleading. Also note that said madman, played by horror author Joe Knetter, does have a shower scene, displaying his non-existent buttocks. Don't say you weren't warned.
On the plus side, b-movie horror "actress" Elske McCain does give the audience full view of her enormous assets. Young blonde hottie Scarlet Salem also prances about in something silky, although she doesn't show her goodies, to my knowledge, until Terror Overload (another NFTS production).
The loosely-defined plot consists of the two ladies eating ice cream and watching the popular public domain flick Night of the Living Dead, while wearing their nighties and exchanging dirty banter. After they poke each other in the cleavage with their ice cream cones, one girl gets naked and takes a bath. After some more dirty banter, the killer shows up and hacks them to bits.
Despite the low production values and the porno-level dialog and acting, this is actually a reasonably entertaining little flick. The technical aspects are competent enough in terms of sound and lighting, and the synthesizer score is just about perfect for a movie of this nature. In many ways, this reminds me of a number of the shoestring-budget Direct-To-Video horror flicks that used to adorn the shelves at the local rental store back in the early 1990's.
As far as I know, the only way to get this movie is through NFTS's web site. I personally purchased it at a horror convention they were attending. It's worth picking up if you're a fan of cheesy, low-budget independent horror.
