Uneven collection to say the least. If not for a handful of exceptional tales this would be a complete waste. As it is I'll list the few worth reading so any daring adventurers can safely skip around without fear of encountering dreadful writing, of which this tome possesses much. (dreadful writing like that last sentence, only worse)
"Black Mill Cove" by Lisa Morton. Fun little romp through some well-trod turf, but enjoyable enough.
"Part of the Game" by F. Paul Wilson. Interesting concept, entertaining setup, middling execution. Still readable.
"The Outermost Borough" by Gahan Wilson. Evocative, odd, closer to 'dark fantastique' than actual horror, but the story stuck.
"The Pyre and Others" by David Schow. Easily the best story here, both for prose and plot. Schow has risen far from his splatterpunk days, contributing to The Crow screenplay and other gothy revenge stories. This is literate and insightful horror, and one of the better stories I've come across in awhile.
"The Diving Girl" by Richard Laymon. Another reasonably worthy entry. The dark undercurrent of sexuality keeps the tension simmering, and the clarity of language is welcome after so much of the poor word choices throughout the rest of the book. (EDIT: revisiting this review in 2017, having experienced several more of Laymon's stories, like "Mess Hall", it's almost hilarious that I was complimenting Laymon's writing. I have to wonder if my tastes have changed that much in the intervening years, or if the stories surrounding this one were just that bad. Unsurprisingly, I've purged all memories of the really bad stories in this book, besides the Pickman monstrosity discussed below.)
"Haeckel's Tale" by Clive Barker. More proof that Barker truly is one of the greats, this is second only to "The Pyre...". Compared to Barker's best work, this might feel a bit stiff, but the endlessly perverse depth of creation still drips from Barker's virile pen, spurting obscenity onto the page and into your mind. This could have been titled "I Fuck the Dead", but Clive knows how to keep it respectable. At least for a page or two.
And on the awful side of things, I'll spare a few words for the worst offenders:
"A Gentleman of the Old School", by Chelsea Quinn Yarbro, is an unmitigated bore. Twilight looks scary in comparison. It's a mystery with only one potential suspect who, guess what? He did it. And no one cares, least of all me.
And possibly the worst story I've ever read: "Dark Delicacies of the Dead" by Rick Pickman. Abysmal attempt at satire. It's an extended inside joke riffing on the various authors in the book, and a number of others. Sadly, I was able to recognize most of them, but the humor was painfully awkward. If the writers of Epic Movie ever die in a fire and they need a pinch hitter, this guy could step in admirably, delivering a solid two hours without a single laugh. This story is more than a waste of paper, it's an insult to publication. (EDIT: again revisiting this in 2017, I'm struggling to remember the finer points of this story, other than that it was an exercise in barely-veiled namedropping, probably meant for "the community" more than casual readers. I rarely write reviews this derogatory; this one must have really struck a nerve.)
Overall, I'd skip this book, but if you're braver than me at least skip to the good parts.