In 1978, some 12 year olds with a Super 8 camera and a handy lake decided to film their own version of "Jaws."
I think the decapitation is my favorite part, really.
This totally could have been me, my cousins and friends in the 1970s on our Minnesota lake. We did stuff like this all the time, but we never had a camera or someone patient enough to play cameraman.
B3ta.com quotes the creator as saying "And wait till you get a hold of the shark we built, it sank after the first scene and you'll only see the fin after that."