Released in 1959, TFOS is low-budget in a big way, from the careless black and white cinematography to the depiction of the mutant that escapes from the alien spacecraft - it looks remarkably like the shadow of a lobster, held up and wiggled before a spotlight. The project is the brainchild of one Tom Graef, who wrote/directed/produced/acted/sewed costumes/cooked lunch/wiggled the lobster. From the Wikipedia entry:
The film failed to perform at the box office, placing further stress on an already-burdened Graeff, and in the fall of 1959, he suffered a breakdown, proclaimed himself the second coming of Christ. After a number of public appearances followed by a subsequent arrest for disrupting a church service, Graeff disappeared from Hollywood until 1964 and later committed suicide in 1970.Don't let that last bit spoil your fun; the movie is still pretty entertaining. It shouldn't go without note that the lead teenage alien, played by David Love, is perhaps the most sensitive (yes, I mean gay) romantic lead in any movie I've ever seen. Also fascinating - the acting and bleak locations suggest the thing was shot somewhere in the great plains, but this movie was made in and around good ol' Hollywood. It takes a kind of genius to build an asymetical go-kart in Detroit, if you know what I mean.
Anyway, download it, burn it to a DVD if you want (here's your best link for the footage) and even recut it if you think you can improve it. It's free!