A Nightmare on Elm Street (1984)

Yes. 87% of real audiences liked it, by Google's archived audience score. Critics agree, scoring it 85%.

Teenagers in a small town are dropping like flies, apparently in the grip of mass hysteria causing their suicides. A cop's daughter, Nancy Thompson, traces the cause to child molester Fred Krueger, who was burned alive by angry parents many years before. Krueger has now come back in the dreams of his killers' children, claiming their lives as his revenge. Nancy and her boyfriend, Glen, must devise a plan to lure the monster out of the realm of nightmares and into the real world... Wikipedia ↗

A Nightmare on Elm Street is a 1984 American slasher film written and directed by Wes Craven. The film follows a group of teenagers in the fictional town of Springwood, Ohio who are stalked and killed in their dreams by Freddy Krueger, played by Robert Englund, a disfigured serial killer with a glove of razor-sharp finger blades who was burned alive by the town's parents after being released from prison on a technicality. When the teens fall asleep, Freddy enters their nightmares and kills them — and the wounds they suffer in dreams appear on their bodies in reality, making sleep itself lethal.

Wes Craven conceived Freddy Krueger based on reports of Southeast Asian refugees who died in their sleep from unexplained causes, and the concept of a villain who attacks through the one biological function no human can avoid gave the film a uniquely inescapable horror premise. Robert Englund's Freddy, with his burned face, striped sweater, fedora, and darkly witty one-liners, became the most iconic horror villain of the 1980s alongside Jason Voorhees and Michael Myers. The film introduced a then-unknown Johnny Depp in his film debut.

A Nightmare on Elm Street earned $57 million worldwide on a $1.8 million budget and spawned a massive franchise.