A low-budget movie about low-budget movie-making

Two eager and very self-unaware film students unite to create their very first thesis film with a budget of zero dollars and a dream of winning big at Cannes. They hire a team of non-union actors who are promised a copy of their footage, their name in the credits, and nothing else, as well as a camera crew to help film behind-the-scenes footage of what is sure to become an American classic.