Tim and Eric's Billion Dollar Movie is a 2012 American absurdist comedy film starring, written, directed, and produced by the comedy duo Tim & Eric (Tim Heidecker and Eric Wareheim) in their feature directorial debuts. The plot follows Heidecker and Wareheim, playing fictionalized versions of themselves, who are forced to re-open an abandoned mall to pay back a wasted billion-dollar loan. The supporting cast includes Zach Galifianakis, Will Ferrell, John C. Reilly, Ray Wise, Twink Caplan, Robert Loggia, Jeff Goldblum, Bob Odenkirk, and Will Forte.

Plot

Tim Heidecker and Eric Wareheim are two filmmakers who are given a record-setting $1 billion budget to make a movie starring Johnny Depp titled Bonjour, Diamond Jim, based on a poem by "personal shopper and spiritual guru" Jim Joe Kelly. The funds are provided by the powerful Tommy Schlaaang and the Schlaaang Corporation. However, during production of the film the two waste all of their money on expensive makeovers, 10-course lunches, real diamonds for Diamond Jim's suit, and a $500,000 a week salary for Kelly, as well as accidentally hiring a professional Johnny Depp impersonator to star in the film instead of the real Johnny Depp. Ultimately, the finished film is only three minutes long. The Schlaaang executives, furious at having been delivered an unreleasable film, hold Tim and Eric personally accountable for paying back the one billion dollars they were trusted with, under threat that they will go to prison or be hunted down by the Schlaaang Corp. With their finances gone, Tim and Eric tearfully relieve Jim Joe Kelly of his services.