A New Trailer for Nathan Fielder’s Elizabeth Holmes Documentary Just Dropped, and It’s Even Stranger Than Expected

Documentary filmmaking rarely comes with genuine secrecy attached, but that’s exactly what made this year’s Telluride Film Festival feel different. A surprise screening billed only as a mystery project turned out to be one of the most talked-about reveals of the fall festival circuit, and now that project is finally getting its full theatrical rollout.

That film is ‘You Can See Everything,’ a documentary co-directed by Nathan Fielder and Lance Oppenheim centered on disgraced Theranos founder Elizabeth Holmes, and A24 has now released a new trailer ahead of its October 16 theatrical release. The project marks Fielder’s feature directorial debut, and given his reputation for uncomfortable, boundary-pushing comedy, that alone has been enough to generate significant buzz.

The film follows Holmes and her partner, Billy Evans, beginning just 34 days before she reported to federal prison to begin serving an 11-year sentence for defrauding Theranos investors. According to A24, what starts as an intimate portrait of Holmes gradually evolves into what the studio describes as a mind-bending three-year journey that increasingly blurs the line between observation, performance, and reality.

YOU CAN SEE EVERYTHING, a documentary by Nathan Fielder and Lance Oppenheim, featuring Elizabeth Holmes. See for yourself only in theaters October 16.

Select theaters on sale now at https://t.co/DZ1E68DQfQ, nationwide tickets available October 1. pic.twitter.com/6jbp713LqR

— A24 (@A24) September 23, 2026

‘You Can See Everything’ premiered as an unannounced secret screening at the Telluride Film Festival on September 6, catching audiences and press completely off guard. According to NBC News, portions of the documentary depicting Fielder’s off-camera communication with Holmes, including exchanges that took place while she was incarcerated in Texas, were recreated with the help of an A-list actress whose identity Fielder specifically asked attendees not to reveal.

Speaking during a post-screening Q&A moderated by his friend and collaborator Emma Stone, Fielder admitted he still doesn’t fully understand why Holmes opened up her life to him and his crew in the first place. “I’m really struggling to this day to understand what I experienced,” Fielder said, adding that he was “excited for this movie to come out and for people to help me with what I experienced,” in comments reported firsthand by NBC News. He also noted that tension eventually emerged during filming with Evans, saying, “Billy was trying to exert a lot of control. It caused our communication to break down.”

The newly released trailer leans directly into that discomfort, opening on Holmes insisting she has no reason to deceive Fielder during an unusually close, unblinking exchange. “I’m not that person, I can promise you that,” Holmes tells him. “I don’t have anything to deceive you on. Of course, I’m not deceiving you. I’m engaging with you as a human being. Why would I deceive you? There’s no reason for me to do that.” Fielder, visibly skeptical, responds simply, “OK. Alright. OK, good chat… You’re being real right now?” to which Holmes replies, “I’m always being real.”

That exchange captures much of what has made early buzz around the film so unusual. Rather than functioning as a straightforward rise-and-fall retrospective on Theranos, ‘You Can See Everything’ appears far more interested in the psychological strangeness of Holmes’ attempt to reshape her own narrative in real time, with Fielder’s signature cringe-comedy instincts colliding directly with genuine documentary stakes.

The pairing of Fielder with Oppenheim brings together two very different documentary sensibilities. Oppenheim, known for ‘Some Kind of Heaven’ and the recent Robert Pattinson-starring ‘Primetime,’ has built a career around unconventional nonfiction storytelling, while Fielder’s background in shows like ‘Nathan for You’ and ‘The Rehearsal’ has made him one of the most distinctive voices in modern television comedy. Their combined approach appears to be exactly what gives ‘You Can See Everything’ its unusually disorienting tone.

With early reactions out of Telluride already generating serious awards-season buzz, including speculation about a potential Best Documentary Oscar campaign for Fielder, ‘You Can See Everything’ looks poised to be one of the more polarizing and talked-about releases of the fall.

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