I had seen this described as amateurish, but this doesn't even begin to describe how badly it is done. I had assumed from the level of rage that Muslims are exhibiting about this that it was a reasonably well-done attack on Islam. It's not. It is actually unintentionally funny in places.
UPDATE: There are hysterically funny or at least brilliantly witty comments below:
The real problem with be film school riots in California.and:
How anyone could take this ninth-rate attempt at a Monty Python treatment, seriously enough to be incited to violence, is beyond me.
If there is any value in the work, it is as a massively risible counterexample to be dissected in a film class. The green screen work alone is an anti-marvel of ineptitude.