Hysteria!

The story

When a beloved varsity quarterback disappears during the "Satanic Panic" of the late 1980s, a struggling high school heavy metal band of outcasts realize they can capitalize on the town's sudden interest in the occult by building a reputation as a Satanic metal band, until a bizarre series of murders, kidnappings, and reported "supernatural activity" triggers a leather-studded witch hunt that leads directly back to them.