“Ghost Team One” operates on the level of a juvenile prank, but this lowbrow, micro-budget comedy earns a few laughs as it sends up such “point-of-view” horror flicks as “The Blair Witch Project” and “Paranormal Activity.”

The movie’s characters and target audience are essentially the same: hard-partying teens and college kids with raging hormones and questionable potential. Add beer, and “Ghost Team One” is destined to be a streaming-video hit with truant frat boys everywhere.

After hiring a videographer to capture alleged paranormal activity with a helmet-mounted camera, self-proclaimed “Ghost Team One” housemates Sergio (Carlos Santos) and Brad (J.R. Villarreal) throw a raucous party while their class-clown housemate Chuck (Tony Cavalero) struggles to maintain his hard-earned sobriety.

When sloppy-drunk Brad swears he saw a ghost, sexy partygoer and wannabe ghostbuster Fernanda (Fernanda Romero) sticks around to summon the ghost of Lady Azalea, a Japanese prostitute who committed double-homicide in the house decades earlier. They get a big surprise when the kimono-wearing spirit possesses Chuck’s body and starts wreaking bloody havoc.

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If it were scarier, “Ghost Team One” might have been an energizing blend of comedy and adrenaline. If it were funnier, it might have matched the guilty pleasure of the “Harold & Kumar” comedies. Instead, this 82-minute tribute to immaturity takes a full, patience-testing hour to bring on the comedic mayhem. That’s when Cavalero (a lead member of the acclaimed comedy troupe The Groundlings) delivers a wacked-out performance that suggests he could’ve been a great replacement for Bill Hader on “Saturday Night Live.”

Nobody else matches Cavalero’s manic energy, and “Ghost Team One” suffers from a dreary, meandering lack of structure. To be fair, that may be intentional: As it stumbles around like a loud, obnoxious freshman, “Ghost Team One” has the dubious honor of being better than the “Hangover” sequels.