“Cheap” is the most accurate way to describe Phantasm IV: Oblivion, a direct-to-video sequel that splits time between Mike (an old-looking Michael Baldwin) and Reggie’s (Reggie Bannister) time-traveling fight against The Tall Man (Angus Scrimm) and lots of silly, pointless outtakes from the first Phantasm (here presented as “flashbacks”). I guess Don Coscarelli deserves some credit for making every one of the Phantasm films rather than handing over his career-defining series to second-rate hacks in the manner of Wes Craven (with A Nightmare on Elm St.), John Carpenter (with Halloween) and Clive Barker (with Hellraiser). The problem is that Coscarelli is an inconsistent director at best, and his increasingly convoluted Tall Man saga ran out of steam after Phantasm II. In this supposedly final installment, Mike travels back to the Civil War with the help of dead brother-turned-flying death ball Jody (Bill Thornbury) to learn of the Tall Man’s origins, while Reggie tries to find Mike in Death Valley after evading a strange woman (Heidi Marnhout) with death balls for breasts. No, I’m not kidding. That the film provides no real revelations about Scrimm’s corpse-loving fiend is to be expected. But watching Coscarelli shoot almost this entire feature on deserted highways and in the empty desert simply exemplifies the low-budget shoddiness that, by its conclusion, eventually came to characterize the Phantasm franchise.