If you want cheese you'll have no trouble finding it (the Darth Vader-like breathing of Tintorera or the underwater conversations between Esteban and Miguel directly springs to mind.), but don't look to hard since the larger parts of the movie is actually pretty well-made and totally undeserving of its bad reputation (which I think is more due to the whole idea of a shark/sex movie, than the movie itself). The "f***-and-die" concept, usually seen in slasher films, is clearly visible and you could say that Tintorera's attack on the swimmers are really an attack on the sexual revolution.
Meanwhile the feared Tintorera, a big-ass tiger shark, is having a feast on the sexed-out beach community. regular Hugo Stiglitz looks great as a wealthy boy on vacation, Esteban, who "finds himself" in a three part relationship with the cute Gabrielle and his former sexual competitor Miguel, the Shark hunter.
Tintorera is actually a sex/beach-flick, and thus perfectly captures the feel of the seventies take on sexual revolution an era of hedonistic disco parties, sexual experimentation and short, loveless sexual encounters. After I got over the initial shock I actually found Tintorera to be a sweet, almost classy, little male fantasy. I expected a Jaws clone and got a movie about threesomes. Another Tarantino special, Kill Bill: Volume 1 tells the story of the Bride (Uma Thurman), an assassin who swears.