Like John Carpenter's The Thing, 1988's version of The Blob is one of those rare remakes better than the original, which just goes to show screenwriter Frank Darabont had a genuine love for the monster movies he grew up watching (this, by the way, is one of the monster movies I grew up watching). It was obviously a stepping stone along the way to movies like The Mist, but I think this one's far more unsettling and its use of miniature effects are marvelous in the truest sense of the word. The first one is okay once you're done stripping away the cult following and the nostalgia, but this one's throwaway scenes are far more memorable than anything the original had to offer.
When I complain about the pacing in movies like Society, it's because there's pacing as good as this. Small town horror films are almost always fun (for reasons I can't quite put my finger on), but this one especially maintains the momentum. You've got the small town sheriff (Jeffrey DeMunn), the small town diner, the small town movie theater, the small town bad boy (Kevin Dillon), and the small town cheerleader (Shawnee Smith).
One day a UFO crashes in the woods and a bum pokes the wreckage with a stick. The gelatinous contents of the downed vessel climb the stick and adheres itself to the bum's hand. The main characters happen upon the man on a nearby road and rush him to the hospital. When no one's looking, the acidic blob feasts on its victim and grows several times larger. From there, it begins a feeding frenzy which culminates in the mysterious arrival of G-men in hazmat suits, led by Joe Seneca.