The first movie poster for the Todd Phillips (Old School, The Hangover) produced, found footage style R rated comedy is now online. Not much is known about the film, the first trailer that can be found on it's move profile page here, doesnt reveal much.

Here is the films synopsis: 

3 high school seniors throw a birthday party to make a name for themselves. As the night progresses, things spiral out of control as word of the party spreads.