Bob Holcomb is holding another compositing contest on blenderartists.org called "WHAT WAS THAT!?!?!" Prizes for this challenge include Ron Brinkman's The Art and Science of Digital Composition for first place and the Blender Fluids Training DVD from CmiVFX for second place. This challenge involves using supplied video footage, so be sure to check out the discussion thread on blenderartists.org for complete rules and how to get the video file.
The contest deadline is 1 August 2007. Good luck everyone!