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So there's some promise here. But does this monster movie rise above recent crap like Anaconda or Jaws 3-D? A little. It's better than Anaconda, anyway.
High concept plot: Giantest crocodile on earth stalks Black Lake (not Lake Placid) in Maine. When a guy gets eaten, local fish and game warden (Pullman) and New York paleontologist (Fonda) come to investigate. Croc chase ensues, with help from 'eccentric millionaire mythology professor' Platt and local yokel sheriff Gleeson.
About the only thing that rescues Lake Placid from drecksville is Kelley's flair for sarcastic dialogue, which punctuates just about every line from the mouth of every character - and is most notably funny coming from Betty White (local eccentric lake dweller). But witty repartee a five-star movie does not make.
Coming in at about 80 minutes running time, witty repartee does make for a passable way to spend an hour. Too bad they couldn't have just worked this plot into an episode of Ally McBeal.
Platt hears DUH DUH... DUH DUH...