Recreating the circumstances of classic movie The Truman Show would, of course, be illegal and highly unethical. Any number of groups have used "in Minecraft" as a get out of jail free card when discussing illegal activity, however, so why should this be any different?
In the controlled environment of a Minecraft server, inserting someone into a simulated environment within a simulated environment doesn't require a billion-dollar soundstage, just a lot of coordination. A server owner recently did just this, leveraging her power over the server and a week-long stream challenge by one of her friends to make the already fake world of Minecraft even faker. It's genuinely amazing how closely this real-life recreation follows the basic structure of the movie.
And yes, they do hit the catchphrase at the end.
