It's Jim Wynorski's new movie and it's a parody to Cloverfield.
If You havent seen Cloverfield, it was a movie that came in 2008 and was a big hit small budget movie. Signature style of the movie was the whole movie is on a handycam recorded by the actors, atleast that is the storyline.

Cleavagefield, Awesome. In more than one word, it's a ridiculous CLOVERFIELD spoof featuring, you guessed it, lots and lots of cleavage. And from the looks of the trailer we just posted in our video hub, lots of girl on girl action and tons of absurd silliness, the most of which is a cartoon monster reminiscent of Puff the Magic Dragon