"Basic Instinct 2," the bomb sequel to 1992's "Basic Instinct," defeated tough competition on Saturday night to win the Razzie Award as the worst picture of 2006.

The 27th annual awards, presented by the Golden Raspberry Foundation, were held at Hollywood's Ivar Theater.

"Instinct 2" -- known to Razzie organizers as "Basically, It Stinks, Too" -- won four awards overall, including worst screenplay, worst prequel or sequel and worst actress for Stone, who was mocked for her poorly presented physical assets as well as her performance.

Razzies gently poke fun at the Hollywood scene 24 hours before its biggest night of the year, for the worst film, worst sequel and worst screenplay awards.

The film was received extremely poorly both at the box office and by critics. The Chicago Tribune newspaper described it as a "dour enervated mystery", while New York Magazine condemned it as "stupefyingly lacklustre".

Carmen Electra won worst supporting actress for her work in "Date Movie" and "Scary Movie 4."

Razzie founder and "Head Berry" John Wilson, who hosted the show, admitted coming to this year's dishonors with some disappointment.

Longtime Razzie mainstay Sylvester Stallone, who has a lifetime 30 Razzie nominations and 10 wins, missed out on nominations this year because his latest film, "Rocky Balboa," "didn't always suck," said Wilson.

"Little Man," which featured Marlon Wayans' face computer-attached to an infant's head, was hailed as "a CGI achievement for the ages."

"Material Girls," starring sisters Hilary and Haylie Duff, was "inspired by the Madonna song in much the same way as World War II was inspired by World War I."

Despite "Instinct 2's" overwhelming showing, "Wicker Man" partisans -- including comedian and National Public Radio's "Wait Wait... Don't Tell Me!" regular Adam Felber -- were upset that their film came up empty.

In a post-show interview, Wilson acknowledged that there was some feeling within the Golden Raspberry Foundation that "Wicker Man" was "robbed." However, the votes for "Instinct 2" -- submitted by foundation members across the United States and in a dozen other nations -- were too much.

"Wicker Man" fans will just have to grin and bear it.