This one is longer and smarter than its predecessor and has stronger characters, but it's extraordinarily, relentlessly gory. Faces and bodies are slashed, mutilated, defiled in various ways, and reduced to bloody pulp. Characters are shot and killed, and body parts are ripped off, torn out, or mangled.
It's also not particularly scary, although Art and his imaginary friend (it'll make sense when you see it) can be unsettling. The intensity comes from the gore, rather than any tense set pieces. If you've got the stomach for it, Terrifier 2 will be more of a treat than a trick for gorehounds this Halloween.