Rent Young Warlocks (2001)

At an exclusive private school, John, Marcus and Matt are the outcasts of their class. Constantly in trouble with the school, bullied by the other students and having no luck with the girls, they long to be part of the in-crowd. When a new student, Luc, arrives, they are given the chance to transform their lives. Luc initiates them to a mysterious and shocking ritual. In return, they gain the popularity and adulation they always dreamed of. The newly invigorated classmates set forth on a path of death, destruction and debauchery. But Luc has not revealed the true extent of his supernatural skills, as in reality he is a Warlock whose sinister mission is to acquire their souls for eternity.