The first trailer for the secretive comedy Project X has been unveiled. The film was produced by The Hangover director Todd Phillips, and the project has been a bit of a mystery as Phillips compiled a cast of relative unknowns (many found through an open casting call.) for the low-budget comedy. Now we’ve got our first look at the pic, and it looks like 90 minutes of insane debauchery. It appears to be filmed in the “found-footage” style that’s so popular nowadays, but instead of catching monsters and ghosts on camera, we get naked ladies and bongs. I’m definitely intrigued to see more, as it looks like it should be a pretty wild ride. The MPAA tag alone reads like a laundry list of bad behavior.Hit the jump to watch the trailer. Directed by Nima Nourizadeh, the film stars Miles Teller, Oliver Cooper, Jonathan Daniel Brown, Kirby Bliss Blanton, Dax Flame, Nichole O’Connor, and Alexis Knapp. Project X opens March 12th, 2012.Click over to Apple to watch in HD.