I never watched it as a kid but some of my classmates did. They loved it, even though all the African-American context was completely obscure for us, Russian tweens. Watching it for the first time as a grown-up, I found it appealingly silly on the surface, but surprisingly multi-layered in its' satirical content. And it still worked for me, on so many levels.
Fairly solid film surprisingly from the lesser known of the Wayans siblings (Marlon and Shawn) Runs a little dry towards the end with the jokes and sight gags but funny (gut bustingly funny at times) for a good 75% of the film. Would watch again.