Common Sense Note
Parents need to know that this slasher flick has a lot of over-the-top gore and violence, with the qualifier that it's often "nightmare," surreal violence. Nightmare visions include a face being torn off to reveal a staring skull, a geyser of blood pouring out of a victim's bed and pooling in defiance of gravity on the ceiling, and so forth. It's dream-like, but fatalities still result. The young people at the center of the film, though very highly evolved for horror-movie teens circa 1984, are still sexually active and at odds with their parents.
Sexual
Content
Teen lovers in bed together (exerting themselves loudly, though nothing is seen). Brief female nudity (a profile in heavy shadow).
Violence
Much gore -- with the qualifier that it's often "nightmare," surreal violence, like Freddy's face getting torn off to reveal a staring skull, an endless fountain of blood pouring out of a victim's bed, and so on. Freddy's fingers are sliced off, and he's set on fire.
Language
R-worthy profanity including "f--k" a few times and "s--t" uttered by a few police officers.
Social
Behavior
While heroine Nancy is smart and resourceful in fighting against the evil Freddy, her friends are a little less so, and the neighborhood grownups and authority figures are secretly vigilante murderers who cause more harm than good.
Consumerism
None, although a Freddy Krueger industry of toys, models, books, and even software ensued.
Drugs / Tobacco /
Alcohol
The heroine's mother is a heavy-drinking alcoholic.