It's fake, but still funny at the end. In fact, I actually laughed out loud.
http://www.youtube.com/watch?v=aNgFw9F0r3A

They could've filmed the last part better, since I couldn't fully figure out what happened at first.

Pretty funny. Pretty stupid.

fake

they killed the monster in cloverfield i thought

yes, ntgray, we know its fake.

and wedon't know if the monster died or not.

edit: haha, that was good.

If you watch after the credits in Cloverfield, before the credits finish, you can hear some staticy audio from the camera. If it is played backwards, you hear a voice very clearly say "It's Still Alive". (It's not the kind of "clearly hearing" you get in Led Zeppelin albums, this is audio that was actually supposed to be reversed)

http://www.youtube.com/watch?v=HcriLoiOAow