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Twist of the movie: the monster is nothing more than a giant Jack-In-The-Box that is simply afraid of the dark. The moisture in the basement has obviously rusted the mechanism, which caused it to break... giving the toy a chance to finally get into the light. Silly kids were just in the wrong place at the wrong time.
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Funny name, "The Hole in 3D", could be a lot of naughty jokes about this films title. Looks like it might be a good film though. The game is a bit tame, but I guess its really just an advertisement for the film.