I heard about the collapsing bubble fusion theory quite some time ago. It was discredited - but then again, anyone who sets out to present cold fusion to the academic world is discredited from the start and really needs to work hard to open eyes.
I'm afraid I'm just as skeptical. The energies that are needed to fuse two nuclei together are absolutely staggering - even at the billions of atmospheres pressure and millions of kelvin, its unlikely to ever happen - just the sheer number of them in a stellar core means it happens often enough to form a chain reaction. The conditions for fusion just can't exist in everyday matter, just in plasma at collosal energies. There is no easy route to fusion, no matter how clever.
That said, there's no such thing as free energy either. I heard a theory about gathering transient energy from the vacuum, but unless we want the speed of light to start taking a tumble and making the universe fall apart, we better leave that alone...