BAIT (2012)
Just watched this with my bf. The CGI was so bad I thought for sure this was another of SyFy's crap films, but the further in we went the more we found ourselves enjoying it. The story was good and suspenseful, characters somewhat connectable, setting was fantastic, and the BODIES. The effects on the corpses were phenomenal! One in particular was so grotesque that it puts the floater in Jaws to shame. I swear they put so much time and effort into them they completely forgot they had sharks to put into the film and that's why the beginning shows so much horrid CGI. I recommend watching if you want something cheesy, but enjoyable cheese.
And I will comfort the animal lovers that the dog DOES survive. Just hang in there. It's a great ride.