When the budget isn't there, one easy way to deal is by simply decreasing the runtime. But even that can't really save Cyclops. It's just 52 minutes long, still the first half drags quite a bit, to the point where it was just boring to sit through. That's not what you want from a 50-minute film.
A group of mad scientists are doing immoral experiments on humans, growing odd, mutated creatures inside them. When their test subject kills herself before giving birth, they scour the streets to find a new victim. They find a good candidate, but the experiment itself isn't without danger either.
Get past the dull first half, and some zany splatter horror awaits. The practical effects are insane the and the film does go into complete overdrive, it's just a shame it took director Iida so long to get there. The final 15 minutes are lots of fun, stick around to see it, or just skip ahead if you're very impatient.