Watch: New Trailer Released for 'Sharknado 3'

The latest trailer for the most eagerly anticipated guilty pleasure film event of the summer has been released.

"Sharknado 3: Oh Hell No" is set to air on July 22 on Syfy and will feature some very unlikely performances by personalities who run the gamut from former Playboy Playmate Holly Madison to retired conservative congresswoman Michele Bachmann.

"Other movies wait years, even decades, to release sequels," the narrator of the trailer says. "We give people what they want as soon as it's sort of ready."

As the title suggests, "Sharknado 3" is the third installment in the so-ridiculous-you-can't-believe-you're-watching it disaster franchise. Reprising roles from "Sharknado" and "Sharknado: the Second One" are Ian Ziering, Cassie Scerbo and Tara Reid. The cast of guest stars include David Hasselhoff, Bo Derek, Jerry Springer, Lou Ferrigno, Kathie Lee and Hoda, Matt Lauer, Al Roker, Penn & Teller and entrepreneur Mark Cuban of TV's "Shark Tank."

Partially set in Washington, D.C., "Sharknado 3: Oh Hell No" also sports a cast of real life politicians and political pundits that include former U.S. Representative Michele Bachmann, �ber conservative mouthpiece and author Ann Coulter and congressman turned sexting scandal figure, Anthony Weiner.