Very Twilight Zone
This reminds me of several renditions of episodes of The Twilight Zone, both the classical and the remakes. The tone is very much the same, and the lack of consistent rules other than the whims of the antagonist makes for a suitably tense and scary situation for our hero. The movie has aged well and has done its special effects well enough so that you can enjoy them even now. Which might be rarer than you think when it comes to movies from this time period. I would recommend this if you are a Twilight Zone fan, most certainly.