In the prologue, a woman enters a vampire's tomb to stake him in the heart. After she does, she withdraws the stake, with the bloody beating heart on it. She's about to lick or bite it when she says she can't - she's on a movie set. The director and crew are annoyed and stake her in the heart for real, drawing her heart out of her body.
That's right, this is a black comedy about snuff films!
A newscaster explains that pirate broadcasts of "The Howard & Eli Show" have been interrupting regular broadcasts. He is interrupted by one of these broadcasts. The show is a cable-access level show in which Howard and Eli tell bad jokes, show snuff films sent in by their viewers, and torture their guests. In "Wilbur," a boy gets bitten by his toy while his mother looks on, smiling. In "Electric Chair," an ex-sheriff who felt cheated by the fact he'd never witnessed an execution electrocutes someone he kidnapped. In "Pizza Boy," three friends who enjoy the Howard & Eli Show are annoyed by how only kills of women by men are shown. They decide a killing of a man by women would be nice. This segment definitely drags, with some odd slow-motion video effects of dancing. In "The Best Of" an announcer lists the scenes that will be available in Video Violence 2 (they're not available in this movie, which is actually titled Video Violence Two). As he does this, scenes of Freddy Krueger, Jason Voorhees, Michael Myers, and Norman Bates entering a woman's shower to kill a woman are shown. Norman doesn't fare as well, since the woman that time has a handgun with her in the shower. In "The Video Studio," an out-of-town woman wants to rent three horror movies (including Funeral Home, and the first Video Violence). They'd rather show her how well their shrink-wrap machine works. In "Deli Dick's", the host displays how a certain slicer works on a woman who's come for a job.
Interspersed with this, a woman has come to Howard and Eli's studio under the impression that she's auditioning for a horror movie. They tie her up and mutilate her, to their great amusement. There's a bit of a twist on this towards the end. There are also station IDs for "W.G.O.R.!... yuck!" under which other short scenes of bondage or torture appear that are fairly creepy.
Finally, Howard and Eli receive a tape that appears to be from two of their victims from the first movie, that threatens that they will come to the studio and kill everyone. After the end credits a Video Violence 3 is promised, but that does not seem to have ever happened.
The movie was shot with a very poor video camera, and the picture quality is fairly bad. This actually works in its favor, since it is supposed to be a pirate broadcast of homemade movies. It does manage to be fairly unpleasant.
Both this and the first VV bear the grinning picture of J.R. "Bob" Dobbs and the note "Approved by Bob Dobbs - Used by permission of The Church of the SubGenius" I don't know if anyone associated with the Church was actually affiliated with the movie, but of course SubGenii do appreciate Great Badfilm.