Cloverfield Update

So now there's an official plot:

"Five young New Yorkers throw their friend a going-away party the night that a monster the size of a skyscraper descends upon the city. Told from the point of view of their video camera, the film is a document of their attempt to survive the most surreal, horrifying event of their lives."

If the trailer is any indication, be sure to bring something for motion sickness: