I would say that Laughing Vampire is not horror story, but an adventure story with very dark ambience.

On the sliding scale of Dracula versus Twilight, Laughing Vampire is all the way in the Dracula camp. It plays up many tropes related to the monstrosity of vampires. Death is very common and the lifespans of side characters are short. While the story itself is exciting, it is difficult to follow. Events don't flow smoothly from panel to panel, and the numerous psychedelic scenes confuse things further. Sadly, many things are left unexplained by the end, mainly regarding the nature of vampirism.

The art is expressive and vivid; the gritty style lends itself perfectly to the dark atmosphere. The character design is interesting, with several rarely used archetypes, such as the hag and the foreigner. It also changes subtly over time along with the characters themselves. The above mentioned psychedelic scenes are marvelous, as well. There's a lot of blood, but no gratuitous gibs. There are also many sexually loaded scenes, some of which don't quite fit with the rest of the ambience.

I liked the characters cast, because it's quite varied. While most of the individual characters don't develop smoothly, the dynamics between them make up for it. Those who enjoy Dracula will find that the vampires have been done properly - a bit over the top, even. Their ferocity and derangement is what drives the plot.

Laughing Vampire is recommended to anyone who enjoys classic vampires, or generally dark stories about humans that turn into monsters.