Ghost Chase on VHS. Starring Jason Lively, Tim McDaniel, Leonard Lansink. Directed by Roland Emmerich. 1987.
From the box:
Teenage filmmakers Warren, Fred and Lori know that money makes movies and that they desperately need more of it. They are counting on a hefty insurance from Warren’s grandfather, but receive only a pawn ticket, which they exchange for a suitcase full of junk and an old clock.
DVD Upgrade: Ghost Chase