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I hate to be everyone's wet blanket, but after watching four of these, I've caught on that this has to be a social experiment, video-taped Blair Witch style, meant specifically for viral video. It's the new generation of hoax, perpetuated by bored collegiates. I'll watch the other twenty-some now, but we'll see some big "Ha ha! Viral Social Experiment!" announcement within the near future.

Edit: After having watched the entire thing, there are parts that are quite obviously forced, but overall, it's decently well done. I'm surprised, in fact, at how well-executed it looks at times, but unfortunately, it isn't perfect. For some college-level amateur photography, though, I'm impressed.