Paranormal Activity (2007)

Directed by: Oren Peli

Starring: Katie Featherston and Micah Sloat

Katie (Katie Featherston) and Micah (Micah Sloat) recently moved into a home in San Diego.  Katie believes that she has had a ghost haunting her since she was young.  She feels this ghostly presence has been haunting her in this new home as well as random phenomena occur there at nighttime while they're asleep. The young couple consults with Dr. Frederichs (Mark Frederichs), a psychic, who promptly informs them that they're being haunted by a demon, not a ghost.  He warns them not to do anything to disturb or agitate this demonic presence in their lives.  Naturally, Katie and Micah escalate the situation by placing cameras in their home in the evening to record any activity that takes place in the dark of night.  As they disturb the demon more and more, the supernatural phenomena that occur at nighttime become increasingly more harmful and terrifying.

While studios manufacture craptastic horror flicks, low budget filmmakers always give us the best horror movies (e.g. most films on this list).  With a budget of $15,000 and fledgling director Oren Peli, Paranormal Activity is easily the most terrifying supernatural horror film in recent memory.  What you see is freaky, but the stuff you don't see is downright frightening.  With a little liquid courage, check out Paranormal Activity.