Self-proclaimed filmmaking genius Timo thinks the film he shot on VHS ten years ago is going to be the next Oscar contender. Peter, his live-in producer, is more or less continually stoned - and those two losers just invited their former cast and crew for a team screening. Pamela the lead actress, who never made it into the final cut, shows up, hoping that this can salvage her career. Andrew, the sound guy who's also Pamela's on-and-off lover, decides to drop in to see, if he may have been wrong about Timo - he wasn't. And then there's a number of other people who only showed up for the "screening" because they really have nothing better to do and nothing left to lose. When the child star of Timo's epic rushes in armed and ready to pounce, things start deteriorating at phenomenal speed.