Yes, an f/0.7 aperture is a ridiculously wide aperture (thus, it lets in a lot of light[1]), two stops brighter than f/1.4 (a "stop" means a doubling of the amount of light; f/1.2 lenses are the fastest lenses commonly available, and they'll cost around $2k), or four stops faster than f/2.8 (which is what the fastest commonly available zoom lenses are, and they're expensive too). Leica make a very rare f/0.95 lens that would set you back $11k, and it's appropriately called Noctilux.
As for conspiracy theories, what makes it even better is that Stanley Kubrick also made 2001: A Space Odyssey in 1968, which includes some scenes set on the moon, and I've heard of conspiracy theories about how these were used for the "real" moon landing too… (And yes, according to Wikipedia, Kubrick bought three of the ten copies of this lens made, with NASA buying six and Carl Zeiss keeping the other.)
1. http://en.wikipedia.org/wiki/F-number