So, have you heard about the brainchild of Casey Pugh, a.k.a. The Chosen One? It's something called Star Wars: Uncut, wherein fans of the original Star Wars choose and remake up to three :15 segments of the 1977 classic. Here's the trailer:
How apt that the subtitle of Star Wars: Episode IV is “A New Hope.” A big ol’ digital quilting bee like this is exactly the way we shall realize the full promise and potential of the Internet. Lawrence Lessig has foreseen it:
Search your feelings; you know it to be true. This will restore balance to the universe, return us to the days of democratized content creation, where there was a lot less difference between those who make art and those who consume it. Things will be like they were—before the dark times, before the Empire.
Fortunately, I understand that, while Lucas has legions of underlings whose sole job is to maintain continuity among all the various narrative threads of the Galaxy Far, Far Away, he’s also said to be pretty tolerant of the fan creations his works inspire. In any case, this is really more parody than unauthorized derivative work; as such it would probably be easier to assert a fair-use defense. On the other hand, if it turned out that Lucas were to prevail in an infringement action, the statutory damages would be, well, more than you could imagine.