Prepare to soil your pants... like, literally. Go grab some paper towels and put them underneath your ass because you're going to be thankful you did after you watch this video:
It's called "Terrordrome: Rise of the Boogeymen". And the greatest thing about it? It's all real. A group of professional computer nerds have been making the game pro-bono in their spare time, and intend to release it for free to the masses some time in 2008. Right now you can download the Demo for your PC here as well as some cool desktops they made with their 3D rendered characters, and share some of your own fan-inspired material.
Part of me thinks even if they're not taking money that this will be taken down sooner rather than later, so you should go grab that demo now. I haven't had a chance to play it b/c it's a PC exclusive and I'm a Mac nerd, and my PC at work won't let me install stuff on it. I'm so intrigued by that trailer and the site though that I'm digging up my old Windows computer tonight and giving that shit a spin. All of my favorite horror icons in a Mortal Kombat-esque 2D fighter? Where can you go wrong?
Somebody please for the love of God download this today and report back how the gameplay is. I must know!