Today I've plumped for one of the most successful indie films of all time. The Blair Witch Project had an initial budget of $25,000, and ended up raking in almost $250,000,000 worldwide. It is a 'found footage' film, about 3 students who go off into the woods to explore the legend of the Blair Witch, and are never seen again. The cast do an excellent job and the scares come more from what you don't see, than what you do. Imaginative and cheap filmmaking at it's best.