I watched this movie when it first came out on Comedy Central several years ago and just rediscovered it again. It is a very funny and elaborate prank played on an aspiring actor named Perry. Perry is part of a comedy group known as the Big 3. The other members are Don Barris and another actor that goes by the screen name Mole. These two comedic actors "discovered" Perry at the comedy store in 1992 and have been messing with him ever since.
I advise you to give the movie a chance. And if you enjoyed the high jinx in the movie, try listening to the Big 3 podcasts, where Don and Mole continue to mess around with Perry.
As to whether or not the movie is "real" or not, I am not sure you need to have that question answered to enjoy the movie. However, I have listened to many of the podcasts and it seems pretty apparent Perry is not in on the joke. It seems as though he has a narcissistic personality disorder, is very gullible, and, rather unfortunately, has a low IQ. He was in a car accident as a teenager and this may have stripped him of some intelligence or he may have just had this personality disorder from birth. Either way, the result is hilarious.
While the pranks and personal nature of the jokes Don and Mole pull could be viewed as cruel, Perry's racist, misogynistic and xenophobic behavior make the viewer OK with the pranks. If you give the movie a chance and enjoy the pranks, I suggest you give the podcasts a listen!
