It is a "phenomenological approach toward the depiction of a masculine identity from childhood onward," I hear.
It involves a prosthetic penis worn as a nose by Franco, I hear. (Dicknose Goes to Paris is the name of the film!) Images here.
And here's the Wall Street Journal on the creative whirlythingy that is Franco ("General Hospital"!).
Flavorpill valiantly defends the Franco, announcing that its crush on him is intact:
As a highly attractive 32-year-old A-lister, he could be prime tabloid fodder. We could know all about his sex life and intoxicated antics. Instead, he’s actually sitting at home writing stories and making art because that’s what interests him. Regardless of the outcome, isn’t that kind of wonderful?