More and more of my former students are taking production into their own hands and creating content for the web. I'm a big supporter of these efforts because they pay off in several ways. First they have creative satisfaction. They're making new work and seeing it fully realized as opposed to writing a script that may or may not ever see the light of day. Secondly they're learning about storytelling. Things that work on the page don't always work out in production. With these types of undertakings you can always go back and get a quick pick up shot -- and in the process you understand that much more about the transition from script to screen so that the next script will be that much stronger. The last thing is, posting something on youtube is the modern version of the query letter. A number of filmmakers have told me that they have had way more industry opportunities come from some five minute short they made for $30 and a pizza than the thesis film they spent $50K on in grad school.
So, from the class of 2010, The Parking Spot.