The first ever Insomnia Film Festival challenges students to write, shoot, and edit a short film in just one day.

On Friday, November 10 at 5 p.m. Eastern (2 p.m. Pacific), Apple will post a list of three elements that you will need to incorporate into your story. From that time, you will have 24 hours to finish and submit your completed short film.

After the entries are posted to Apple’s web gallery, they will make them available for the public to view and rate. The top 25 highest rated films through December 3 will then be judged by our panel of experts.

Winners will be designated in two categories: the audience choice and the judges’ choice. Winning team members will each receive a copy of Final Cut Studio, a copy of Shake, and an 80GB video iPod for their portable portfolio.*