The original version of this film, which was titled 120 minutes into the Future (I believe) was by far one of the most impressive and subversive things I have seen on TV. The premise involves the idea that Blipverts, or high-speed advertisements, are allowing the TV stations to create more ad time, but are also at risk of causing the most indolent members of society to spontaneously combust.
This is absolutely wonderful!
The whole Max Headroom angle was never really exploited until this became a (too short lived) TV series shortly after. However, this movie is nothing short of being among the most impressive and visionary movies ever made, and by far one of the most interesting (and underrated) cyberpunk tales told.
The low-budget enhances the bleakness of this dystopic future, and the utter pessimism about the future of mankind is palpable at every moment. Watching the TV zombies wander the streets in search of more TV, the dark rooms where the future of man (and media) is decided... the burnt-out buildings, the police-state siege mentality. I have rarely seen anything this ambitious attempted in the past.
This movie warned us about the dangers of mass media, and managed to do it in a way that was not ironic and was highly entertaining. Run out and find this movie if you can (I have seen it on tape, and Sci-Fi channel runs it occasionally). Go... NOW!