I think Maboroshi's idea is great. Each year the rosters could do like a "roast mep" type of thing. That would allow for showcasing of the editor's videos + the bastardizing and making fun of. The cool thing too is that all the work put into it would be solidified, if you're going to spend months prepping for the event, might as well have a really awesome video to show from it by the end? Maybe there would be a live component too, but it could be condensed.
The cash bar was a plus, but I don't know about the costs involved there.




