Like most mash-ups, this is made almost entirely of stock footage. The plot has been watered down a bit and Brick Bardo's as corny as ever. Take Bad Channels, Demonic Toys, and Dollman. Mix them together in a blender and what you are given is Dollman vs. Demonic Toys. The product is messy, unhealthy, and full of MSG. The only new elements are several misplaced scenes of battling and several new demonic toys - one being a memorable Soldier figure that predates Small Soldiers by 5 years. Chip Hazard's early incarnation was a bit more violent, eh?
The heroine from the previous film returns to enlist the help of Dollman after the rest of her staff at Police HQ thinks she is insane. She's almost positive that the evil demonic toys are going to return and with the help of a hairy dwarf, she's right. The rest of the film really just revolves around lame subplots and embarrassing set pieces to make the average appliance look mammoth next to Tim Thomerson. To call this a B-grade film would be a bit of a compliment, but at least it doesn't stoop as low as to butcher the entire lore of the Toulon-related universe.
Dollman vs. Demonic Toys is a horrific film by standards and the standards are deep. If you take a step back and reapply all judgments to the film, your cynicism might fade just a bit. Much like Puppet Master: The Legacy, all the "good" footage was edited in so what you get is a Full Moon greatest hits compilation. You at least have to be thankful for the lack of a slide show commentary. It's nice to see the Demonic Toys back for another round, even more so that a proper Demonic Toys sequel was announced not too long ago. Lets hope the future is bright!