``Halloween 5 _ The Revenge of Michael Myers'' (CBS-Fox Home Video. VHS-Beta. Rated R. For rental market.) This is a really inferior film. Like others of the teen-age slice-and-dice genre, ``Halloween 5'' requires a knowledge of the series to know what's going on. It never really suggests what the heck it is Michael's avenging. No great loss, for the cinematic slaughter of sexually precocious teen-agers has become as stylized as Jacobean tragedy. ``Halloween 5'' is set in the curiously empty suburb that has more than its share of nubile teen-agers with too much disposable income. It opens with a flashback of Michael being run over by a car and blown down a handy abandoned mineshaft, his chest full of buckshot from the shotguns of the never-prompt police. ``One Year Later'' the subtitle says, and we dissolve to waiflike 9-year-old Jamie, a traumatic mute and inmate of the local home for disturbed children. She is reliving the psychological domination of Michael, her uncle and, um, psychic twin, that drove her to juke her step-Mommy in the bathtub. Her visitors are perky, attractive teen-age girls who are friends or relatives or something, blithely preparing for a teen Halloween party. That's right, a Halloween party in a town that has seen so much annual slaughter on the night that anywhere else the streets would be crowded with police, National Guardsmen and reporters angling for the ``Haddonfield: One Year After Slaughter'' story. Ah, but we're not here for logic. We're here for the numbingly predictable series of false starts, cheap frights and intermittent, painstakingly overdubbed stabbings that lead up to Michael's real horror. In ``5,'' as in ``1,'' ``2,'' ``3'' and ``4,'' Michael's task is to murder teen-agers who indulge in casual sex. That's the point of this movie, kids. Make love and you die. Kiss, kiss, hack, hack, stab, chop, die. This is the 1990s, though, and the socially responsible filmmakers of ``Halloween 5'' give us this line at an intimate moment: She says, ``I didn't ... BRING ... anything ...'' and he produces a condom. ``Halloween 5'' was written by Michael Jacobs, Shem Bitterman and Dominique Othenin-Girard, and directed by Othenin-Girard. Maybe Michael could go after them in ``Halloween 6.'' What's alarming about this unfrightening, stupid teen screamer, though, is that its real heroine is a 9-year-old girl. And that means the makers of this product are relying on cable and the ubiquitous videocassette to get ``Halloween 5'' before an even younger audience. Now THAT'S scary.