This is typical Troma fare, although many of the faux trailers are from independent studios. It's all here--tasteless vulgarity, cheap effects, and mindless gore. There are a few standouts: Trailers with casts comprised entirely of real cockroaches and plastic army men, or instance. But most never rise past adolescent film-making.
At Troma, bad taste reigns supreme, and this compilation fits right in. To me, one of the biggest issues is that not only do they break up the trailers with old-time theatrical "Coming Soon" bumpers and random intros by producer Lloyd Kaufman, but most of these trailers also have credits. They stop the show dead in its tracks. By the time you reach the last third of the movie, the trailers become raunchier but not any more interesting. In fact, I would recommend that you watch this in short bursts instead of sitting through it in one sitting.
Although adolescent in spirit, it's definitely not for kids. It has many sexually-explicit scenes of questionable taste, and one vignette abandons the tongue-in-cheek tone of most of the others, depicting a serious sexual attack and murder.