Making Low-Budget Movies?

strider3700 asks: "One of my favorite shows was cancelled today and it's left me feeling rather bitter towards the mainstream. I tend to like shows more intelligent then 'Survivor' but I'm in the minority so shows won't be made to pick up that small percentage. However now and again I find great video clips on the net. They appear to be homemade and are in some cases very well done. Is it possible to do something like this for a continuing series and place it on the net to share? how would someone go about doing something like this? And I know not to quit my day job."