Just finished it after seeing this thread and I have to stay it was definitely better than the first. I didn't think the first was terrible necessarily, but this one was still better. Here's my short opinion on each segment:
[POSSIBLE SPOILERS]
A is for Amateur: [8/10] Starting out great. I loved this one.
B is for Badger: [4/10] Terrible and ridiculous. Maybe even crossing into "so bad, it's good" territory. That last shot and line killed me.
C is for Capital Punishment: [6/10] I was just sorta "eh" about this one. The experience itself would be pretty terrifying, but I just didn't care too much for it.
D is for Deloused: [9/10] This was very creepy and I loved it. I will forever fear stuffed pandas now.
E is for Equilibrium: [9/10] Not really horror, but absolutely hilarious.
F is for Falling: [5/10] Nothing too special. It wasn't terrible, but I didn't love it.
G is for Grandad: [2/10] Weird as fuck and pretty dumb. I did laugh when the Grandpa was revealed to be hidden in the bed though.
H is for Head Games: [4/10] I liked the animation, but that was about it. This was nothing but a chance for the animator to show off his talent. No story. No dialogue. No nothing.
I is for Invincible: [7/10] I enjoyed this one a lot. It should have definitely been called "I is for Inheritance" though.
J is for Jesus: [9/10] I absolutely loved this one. By far one of my favorites.
K is for Knell: [10/10] My favorite of all the shorts. Mysterious and scary.
L is for Legacy: [2/10] Fell completely flat. The monster was ridiculous-looking.
M is for Masticate: [7/10] Was pretty interesting, but what really sold me was that last bit of explanation that explained how we got into this situation.
N is for Nexus: [7/10] I really enjoyed the way this one was shot, although I thought some of the acting was kinda weak.
O is for Ocholracy: [9/10] Another great one here. I loved every minute of this short.
P is for P-P-P-P SCARY!: [0/10] Completely fucking awful. Totally horrendous. The scariest thing about this was the fact that someone thought it was good enough to be included in this collection. I've had a stomach virus that was more entertaining.
Q is for Questionnare: [6/10] You had me right up until the cheesy Gorilla suit. I feel like this could have been much better if they had gone a different direction.
R is for Roulette: [9/10] Another great short. I figured out what was going on pretty quickly, but it was well written, well directed, and well acted.
S is for Split: [9/10] Yet another excellent one. The whole home invasion thing is scary enough as it is, but the extra twist on this made it even better.
T is for Torture Porn: [2/10] At first I thought this might go in a direction similar to the first segment of V/H/S, but I was woefully disappointed. It's bad, man. Just.....bad.
U is for Utopia: [5/10] Another "eh" for me on this one. It felt kinda preachy, I guess.
V is for Vacation: [7/10] Decent. I don't really have anything else to say.
W is for Wish: [8/10] I had no idea where this was going when it started, but it turned out amazing.
X is for Xylophone: [3/10] I get that "X" doesn't give you a lot of words to work with, but I think you could have done better than this. The "ribs as xylophone" bit was too corny and cliche for me.
Y is for Youth: [7/10] It was interesting, to say the least. It was neat the way everything she was saying was torturing her parents, but it was a little too weird for me. Still, MILES better than most of the stuff in ABC's Vol 1.
Z is for Zygote: [9/10] When it first got to the part where she still had the kid in her belly 13 year later, I rolled my eyes at the silliness of it, but once this one progressed I ended up loving it. The part where the kid pushes all her guts out through her mouth was disgusting and awesome.