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Victoria Will, Associated Press
From left, James Murphy, Kate Sheil, Eric Wareheim, diretor Rick Alverson, Alexia Rasmussen, and Tim Heidecker, from the film "The Comedy," pose for a portrait during the 2012 Sundance Film Festival on Sunday, Jan. 22, 2012, in Park City, Utah.

PARK CITY, Utah — Tim Heidecker and Eric Wareheim are guilty of a bit of exaggeration with the title of their Sundance Film Festival premiere.

In "Tim and Eric's Billion Dollar Movie," the writer-directors play filmmakers who squander the biggest movie budget ever on helicopter rides to work, a personal guru and other extravagances.

In truth, their own expenses were in line with the low budgets Sundance filmmakers typically have.

Heidecker joked that their movie cost about as much as the budget for one of the gifting suites that pop up around Sundance for stars to stop by and collect free swag.

"Billion Dollar Movie" marks the directing debut for Heidecker and Wareheim. They're the comedy team behind TV's "Tim and Eric Awesome Show, Great Job!"