Lindsay Lohan has a sex tape! Sort of ... In the new trailer for Lilo's upcoming film The Canyons, a dark tale of sexual obsession and Hollywood ambition, the A-lister-turned-fallen star plays Tara, who is seen on a downward spiral -- disrobing, scantily clad and eventually filming a sex tape with porn star James Deen. And now that the new trailer is finally out, you can feast your eyes on all that D-lister ridiculousness!

The film, written by Bret Easton Ellis and directed by Paul Schrader, weaves the tale of "a young LA trust-fund kid with casual ties to movie making and his girlfriend, a once aspiring actress/model-turned-plaything. When Christian learns of a secret affair between Tara and the lead of his film (Nolan Gerard Funk), he spirals out of control and his cruel mind games escalate into an act of bloody violence. "

Sounds like a real hoot! Okay so -- LiLo has a lot of sex with a bunch of randos, basically sells her soul for a piece of fame and then there are disastrous consequences? Looks a lot like art imitating life if you ask us!

The dubstep-infused trailer opens with barrage of defunct movie theaters and Lindsay's deep voice, dramatically asking her voyeurs, “So tell me something, do you really like movies? Like really, really like movies?”

Umm no, Lindsay, not if you are in them -- unless we need a good laugh.

While the movie looks all sorts of horrible, Lindsay does look better than you’d think -- so umm ... maybe there is an upside to this movie’s existence? Okay maybe not. The Canyons is due out in theaters Aug. 2. Get excited.