Final Exam is the sort-of follow-up to Obscure, which was a co-operative survival horror game set in a high school that you probably don't remember. There was even a sequel but I don't know a great deal about that. The change of name seems sensible because Final Exam looks more like Splatterhouse than Resident Evil, although it does still have a co-operative mode, with up to four players pummelling monsters together, using powers of dubious origin. Why does a dumb jock suddenly have the ability to pound the ground so hard that earthquakes immediately occur? I don't know. Toxic waste? Sorcery? The eighties? The game looks tolerably diverting in the trailer below, although I started replying to emails before it was over, which isn't usually a good sign.
I was confused as to why the rocket launchers were referred to as 'mighty' twice. Not that I'd pick a fight with one, but the designation seemed odd. Then I started adding the tags to the story and realised the developers are called Mighty Rocket, so there you go. It's an intertextual trailer, a metadvert. Game's out in November.