INTENSE, NAILBITING, HORRIFYING...The best film of 2004. This has been an incredible year for the makers of independent films and for us indie fans. We have been treated to a much deserved documentary on the great white shark of the conservative American political scene by Michael Moore and the great white of conservative media (Rupert Murdock). Now, "Open Water," the great white shark of low-budget, high quality independent not-quite-fact non-documentary films, proves that the third time is, indeed, the charm. If you believe the teaser trailer, the film is based on three factual incidents, especially that of Americans Tom and Elieen Lonergan, who in 1998 paid for a dive off the coast of Australia and, through a series of simple errors by the careless boat crew, were abandoned. Though their bodies were never found, some of their equipment was. The boat captain went on trial but was not convicted of any crime; his lawyer, in fact, proved to be something of a shark himself, sinking so low as to theorize that the Mr. Lonergan plotted to commit suicide. (FYI: the plot worked, the jury found him "Not guilty.") This film never goes that far into the story, fortunately. Rather, the audience get 15 minutes of their personal lives, from home to plane flight to hotel...to the boat ride into hell. The clever director throws us into the next 24 hours of their lives during one hour of our time--one intense, terrifying hour, the only one the average moviegoer can tolerate. As the couple endures frustration, aggravation, dehydration, thunder and lightning, frightening noises that may or may not be sounding ("ala "Blair Witch" paid its homage), jellyfish stings, and the appearance of possible shark fins, the end result is likely the scenario of the Lonergans, who experience the isolation and the mounting fear of watching and waiting for the ultimate and final attack by the ever increasing number of sharks that have encircled them. Meanwhile, the audience endures growing tension, fingernail biting, heartbeating and heartbreaking horror, as we watch the husband go into permanent shock, the wife make a gut-wrenching pair of choices, and the denouement build to an ending we cannot imagine--their drama unfolds to a must-see during-the-credits ending that is as much a tribute to the divers in the opening scene of "Jaws 2" as it is to the Lonergans, and also to a Hitchcock, who somewhere must be smiling at the irony, the black comedy, and the cliffhanger of sorts. In fact, director Chris Kentis has commented on how he would like to make a prequel to "Jaws" based on Robert Shaw's haunting monologue as Quint recalls the sinking of the U.S.S. Indianapolis which left some 1,000 seaman adrift in the shark-infested Pacific Ocean waters for a week. Kentis might get to make this film someday soon, for "Open Water" will no doubt be the last big hit of the summer, and the director and cast will certainly gain sudden stardom for this film.