The modern-day interpretation of a B Movie:
1) A film, almost always rated NR, that is so awful that one can assume that it went straight to Netflix. While a B Movie can often be appreciated for its value as a cult classic, N Movie nights can be grueling to endure due to the sheer lack of funding and effort put into the movies' production.
2) A blatant knock-off of a movie that is currently too popular or high in demand to be added to Instant Watch.
1) I tried to find your favorite N Movie for your birthday, but it wasn't even released on DVD!
2) "Paranormal Entity" might just be my favorite N-Movie, though "Chop Kick Panda" is a close second.