I actually saw this one only recently and I can safely add it to the small list of horror remakes I consider to be superior to the original work. Infact, it's surpassed The Thing in that regard. I LOVE this remake, and am baffled that it doesn't get the love it deserves.
If you've seen the original, it's the same basic premise. A meteor crash-lands upon a small town, unleashing the titular "Blob". Where the similarities end is that this blob is not fucking around and appears to have a completely sadistic streak. The deaths have been amped up significantly, providing some amazing on-screen gore effects. That screenshot you see on this page with the half-disolved hobo? Only the fourth best death scene. If you're a gorehound, you can just watch the killcount and you'll get a good chunk of the movie. But you'd be doing yourself a disservice not to watch it all.
The Blobmake isn't just better because it's much gorier, though. It also gives a great cast of characters, including a tough cheerleader, an evil scientist and perhaps the greatest Dad in movie history. "Ribbed".
Sadly, although a sequel was teased, it was never to be. All the more reason to watch this one again, if you'll excuse me.