What happens when Hangover franchise helmer Todd Phillips, blockbuster powerhouse producer Joel Silver, and a (pretty much) entirely unknown cast of young actors/actresses join forces to create an “ultra-secret” Hard R-Rated comedy? You get a film simply titled, Project X.

An official teaser trailer has been unveiled for Project X, which was produced by Phillips, directed by first-timer Nima Nourizadeh, and co-scripted by Matt Drake (whose sole writing credit is on an episode of Spin City) – along with Scott Pilgrim vs. the World co-scriber Michael Bacall. So, when all is said and done, what exactly does it look like Phillips and Co. have cooked up for moviegoers this time around?

Judging by this early footage, Project X will basically amount to… rowdy teenagers re-enacting the “crazy night” portion of the first two Hangover movies (a.k.a. the part that occurs off-screen), as shot in the fake documentary style of Cloverfield. That’s in keeping with early plot details released about the film, which revealed it would involve some high schoolers documenting “a house party that suddenly goes awry.”

With that in mind – check out the Project X teaser trailer below:

Project X really does seem to (stylistically) resemble Cloverfield, more than any other well-known “found footage” flick released in recent years. Whereas last year’s teen sex comedy/fake documentary mashup, The Virginity Hit, was structured more as a legitimate amateur documentary that chronicled several events over a period of time, Project X looks to be all about the nonstop debauchery and naughty deeds that goes down on one crazy night. Heck, even the MPAA’s justification of the R-Rating for this film is an all-encompassing list of “inappropriate” behavior!

Considering that Phillips was a creative force working behind-the-scenes on Project X, it goes without saying that the movie will feature lewd gags and raunchy sex humor aplenty. Whether it will also have the “heart” and likable horndog characters that the best teen sex comedies tend to feature (ex. Superbad) seems less likely – especially since it appears this movie is all about the nonstop drug-and-booze-fueled antics (and little more).

On the other hand: Bacall managed to do a decent job weaving in bits of touching character drama amidst all the action-packed comical madness in Scott Pilgrim – so perhaps he’ll have done the same with this new flick.

Look for Project X to hit theaters around the U.S. on March 2nd, 2012.

Source: iTunes Movie Trailers