Now, I know that we've only got a month left, but I think that might be plenty of time to put something together. Actually, I was considering doing this as a one-song MEP, with everyone taking < 30 seconds or around that amount.
The song that I really was interested in doing is the Disturbia Cover made by The Cab. I think its got a darker theme for horror, while still being upbeat and interesting to edit with.
Or we could go the classic route with "This Is Halloween" and blatantly rip off Hagaren Viper.

Anyway, I just kind of wanted to see if anybody else would be interested in this. Or if just a few people wanted to collaborate with me on this, then I'd be happy to do that.
EDIT: I'd probably be looking at an October 28th deadline for all finals to be submitted.
EDIT2: 848*480, 23.976, High Quality Footage required.