One thing I really liked about this movie
What was cool about this movie is there are no "good guys" in the movie except for maybe Paul or the Blonde.
Justin - Is obviously deranged and right from the beginning when we see him we know he is against gays. So she could have said whatever she wanted while being tied to the chair but Justin wouldn't have believed her, and you can tell by the end he refuses to believe he is at fault. If she would have told him to watch the video, he wouldn't have and would have done something to her next.
Luke - He is seen as being a coward in the movie, but honestly if you were in his situation would you do anything different? He should have said something when Justin was doing the dare to the blonde girl or Chris but was always worried about his own life throughout the whole movie. Which is what a lot of people would honestly do, he says to Justin he's just the party guy, indicating he doesn't consider himself to be close with anyone there.
The Brunette- She is sort of villainous as well by blackmailing Felix into sucking off Paul thus leading to Felix hanging himself. If I had to assume, the business deal was not going to go through and Felix knew she would release the video and decided to hang himself before that could happen. She could be looked at this one who started everything, and plus what she did to her BF is really messed up but I guess he's better off not knowing.
Chris- He is supposed to looked at as the A-Hole from the beginning but honestly he isn't, he is more good than the rest of the characters named above. He thought someone was interested in his girl and was on a bunch of drugs, most of us would probably punch the guy too. He tells Justin he sent the card when he didn't, willing to take whatever punishment it was to let his friends go.
The rest of the characters can be looked at as "good guys" but make mistakes throughout the film as well.