This film is a documentary that celebrates trash cinema--specifically, the terribly cheesy American films made in the Philippines in the 60s and early 70s. Why did they go to this country? Simple--it was dirt cheap! So, cheap film makers like Roger Corman and Eddie Romero went there to create tons of terrible films--and the filmmakers knew it was going to be bad. There was no pretense--the films featured silly monsters, women in prison and the like. And, the films had tons of action, violence and boobies. Ultimately, however, there actually was a GOOD movie made there ("Apocalypse Now") and soon after this, the industry came to a halt due to violence and revolution...and ultimately the fall of the Marcos regime.
So is all this worth seeing and celebrating? Well, it depends on you. If you occasionally LIKE to see a terrible film (such as "Black Mama, White Mama"), then you'll like seeing the documentary (that's me!). You'll relive trashy but fun films or get ideas for movies to rent (though only about half the ones mentioned in the film are available from Netflix). But, if you are sane, you'll probably just wonder why anyone would want to remember these terrible films! Overall, however, the film is worth seeing if you are the type who can appreciate it--and I sure did. Just beware...the film is violent and infused with breasts!