I've heard it's being considered for an Academy Award for the most ridiculous premise, but most likely will be beaten out by Avatar 2: The Navi sisterhood of the Traveling blue pants."
This movie could have garnered an Academy Award nomination, as well as Nobel prize, had the three victims made into the centipede been the Kardashian sisters.
Joking aside, just because you CAN make a movie like this, doesn't mean you SHOULD.