I laughed myself silly when I saw this. I have to tell you when it comes to my obsessions, all things Lovecraftian runs a very very close second to zombies in my heart. In fact my webcomic very nearly became about Great Cthulhu till someone pointed out that I’m better at drawing zombies than tentacles. (Though the idea of zombies with tentacles does make me kinda salivate a bit.)
This movie was done on a shoestring budget, and is coming to the Slamdance film festival. I’m going to keep my eyes open for it so that when I see the creators I can throw handfuls of cash and give them a sensual back massages shake their hand.
Bloody-Disgusting wrote a synopsis about this:

In the film Jeff, a down on his luck office worker, finds out he is the last living relative of horror novelist H.P. Lovecraft. What he doesn’t know is that Lovecraft’s monsters are real and will soon threaten the very existence of mankind. Jeff and his best friend Charlie are forced to embark on a perilous adventure and they enlist the help of high school acquaintance, Paul, a self proclaimed Lovecraft specialist. Together the three unlikely heroes must protect an alien relic and prevent the release of an acient evil, known as Cthulhu.