Director and Lost creator J.J Abrams is whipping up a storm with his new movie.The film, which has bee titled Cloverfield, is already being labelled the must-see movie of 2008 but nobody knows anything more.Previously called 'Untitled JJ Abrams Project', 'The Parasite', 'Cloverfield', 'Slusho' and just 01-18-08.The trailer is set in New York at a farwell party when an explosion is heard and fireballs rain down on a panicking city.The response to these images have led to wild speculation and rumours about the plot.With a cast of relative unknowns and a $30 million bugdet it's believed that the film follows a monster attack on New York told from the point of view of a small group of people.

Starring Michael Stahl David, Odet Lasmine, Mike Vogel, Lizzy Caplan and Blake Lively.

View the first look Cloverfield images.

Watch five minutes of Cloverfield