Regarding said movie: This is probably one of the funniest movies I have ever seen. Here's a condensed plot summary with minimal spoilers:
George, played by "Weird Al" Yankovic, is an imaginative young man who has trouble holding a job. Out of work, his affluent uncle, a compulsive gambler, places him in charge of a small UHF station on the edge of town. Things soon go bad, and it looks like the station will be belly up within a week. Depressed, George places the station's janitor, Stanley Spadowski, in charge of his own TV show. Their ratings immediately explode, and they become the #1 station in town. However, they face the major network affiliate, who tries to employ Microsoft-like methods to shut down the competition.

Overall, an excellent movie well worth watching if you can locate a copy. If you appreciate Monty Python you'll most likely love this movie as well. Of course, if you don't like Monty Python, then you're a deceased pigeon. In short, if you're looking for a new cult classic, this will fill the bill.