The story follows the usual creature film plot. Someway and somehow, a giant squid has made its way into a Canadian Lake. As the film begins, the monster squid has been eating a ton of fish which has adversely effected the economy of the small fishing community in which the story takes place. A researcher, Dan Leland(Van Der Beek), is brought in to investigate on why the fishing has depleted so drastically. Fearing that Leland may do something drastic, such as not allowing fisherman in the area for the time being, the locals are very hostile to the young scientist. Also, it turns out that there are also some racial tensions between the natives and the white townspeople.This brings in the town's sherrif, Katrina Tomas (Castillo), who also happens to be a native. The native people believe that there is a giant sea monster in the waters and that it has caused the lack of fish. The townsfolk refuse to believe these wild theories and are intent on figuring out how to resurrect their fishing economy realistically. As in any creature feature, though, it doesn't take very long before everyone realizes that the monster squid does exist. It is then up to Dan and Katrina to battle the monster and to possibly fall in love in the process!
Technically the film is professionally made and quite well done. This film is low budget for Hollywood standards. Although I'm sure for a Sci-Fi Channel production there was still a larger budget than a lot of similar independent B-movies and this shows. Throw in a recognizable face with James Van Der Beek and a half decent supporting cast and you got yourself a watchable creature feature. The effects on the monster squid weren't the best but they were passable. The viewer doesn't get a full glimpse of the animal until the end. The scenes with the squid attacking throughout the movie show its large tentacles as they snatch the unfortunate victims.
Overall, this is a fun enough film to watch on a saturday afternoon. If you don't expect anything groundbreaking and understand that this is a far fetched giant squid movie, you will probably find some entertainment in this. That's what this film comes down to, though, as it should be good for any fan of Sci-Fi Channel originals or creature feature B-movies.