The official poster is up for The Asylum’s Mega Shark vs Giant Octopus! Starring Debbie Gibson and Lorenzo Lamas, the entire plot is:
The California coast is terrorized by two enormous prehistoric sea creatures as they battle each other for supremacy of the sea.
As long as we got monsters and not 89 and 1/2 minutes of non-monster fighting. Because that would suck.
Thanks to Avery!