You should differentiate between B-movies (and worse) that never had a chance of being good, and major movies made by professionals that have no excuse. Also, you have to decide whether to include a movie's camp value or riffability in your consideration, or not.
Ignoring all the MST3K grade movies, and ignoring camp value, the top 5 for me would have to be
Armageddon
Transformers 2 + 3
Star Wars Episodes 1 + 2.
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