John Carpenter’s Halloween turned a small budget into a huge box-office result.

The Numbers lists $70.27 million worldwide against a $325,000 production budget. Beyond its earnings, the 1978 film holds a place among horror’s most praised releases. Paste ranked it first on its list of the 50 best slasher movies.

That ranking reflects the magazine’s judgment, rather than an official award.

Why does Halloween rank among the best slasher movies?

First, the story follows Michael Myers as he returns to his hometown on Halloween night. Jamie Lee Curtis plays Laurie Strode, a teenage babysitter who becomes his target. Meanwhile, Donald Pleasence plays Dr. Loomis, the psychiatrist trying to stop him.

Instead of rushing from one attack to another, Carpenter builds fear through waiting and watching.

Paste praises the film’s atmosphere and use of the killer’s point of view.…