Many out there have probably already seen this trailer, but for those who haven't it's a short film by Uruguayan director Fede Alvarez, called "Ataque de panico!" (Panic Attack). It's a story in which giant robots invade a South American city. The kicker is, it was reportedly made for $500, though some dispute that fact. Either way, it was certainly done on a shoe string budget and it's pretty exciting to see what can be done when imagination and ingenuity make up for money.
Last I read about this project, Sam Raimi that his Ghost House Pictures made a deal with Alvarez to direct a feature length movie based on the short.
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