Is this supposed to be a joke?

I always wondered? Is this supposed to be a joke? I mean, i get that this is Brad Jones' loveletter to the sleazy films of the 80's but that doesn't mean it has to look like it was shot on *beep* C'mon, this move was "Filmed and completed in 2007.". I made better looking stuff with my old Sony video camera. What's with the poor camera work? The horrible lighting? The acting, what with this being a amateur film, is ok i guess but then again, there's some bad overacting there too and everyone is constantly swearing. *beep* this, *beep* that. Wtf?
So, if this was meant to be a parody/hommage of some sorts i don't feel it. To me, this film comes of as pretentious amateur work.