This film is not new but Netflix has a bizarre method of how and when they choose to add new content. This is a extremely dumb slasher film, one of the last that was created in a dead genre and basically the story is extremely weak and is based only on the presence of some very good looking people who never take their clothes off.... so i guess it isn't exactly a "true" slasher film in that regard.
The story that we are meant to believe results in the creation of a serial killer is explained to us in just a few minutes in the opening segment and then we are immediately fast forwarded to something crazy like 15 years later when all of these very good looking people are just trying to live their lives. They are all really snotty wealthy people who are ultimately very concerned about the fact that they are going to be single on Valentine's Day.
Between bouts of senseless arguing this group of seriously snotty and unrealistic friends will do things like go to pretentious art shows where a maze of televisions perfectly enable a stalker to come in and kill someone with a crossbow and then deposit her body conveniently into a dumpster that 15 floors below where the lid closes and no one notices the body for something like 10 days.
The murders don't get less ridiculous from that point forward.
The movie reaches it's apex when the richest girl is hosting a completely impractical Valentine's Day party at her mansion for guests she apparently hates and people are getting picked off left and right without any of the 200 or so people in attendance even noticing. Denise Richard's character, also too snotty to hang out at this lavish (and free) party decides to sneak away to a quiet corner of the mansion to use the hot tub that despite this being a really wild party with tons of visitors, no one seems to be using.
She also just happens to have a bathing suit with her and all the noise from the party that is really loud and taking place in the same house, can not be heard at all. The cupid killer has no trouble finding her though and of course kills her in a reasonably gruesome manner (for 2001) that seems quite tame by today's standards.
Ben Falk of the BBC summed up what exactly is missing from this film perfectly when he said Valentine has " a distinct lack of gratuitous nudity, which would have at least brightened up the landscape."
Make no mistake, this is NOT a good film but it might just fall into the category of "so bad, it's good" for some people. The slasher genre was all the rage in the 80's and it had already largely fallen out of fashion by 2001. I would imagine that after she bared it all in Wild Things that the studio was feeling people might think the same would happen here. It doesn't.
We are treated to a walk down memory lane to a bygone era of horror that is OK in small doses and if you are bored and want to see something that is just incredibly cheesy, Valentine might be the way to go.