In the group I have been given the task of making the flags for our racing event and after watching a tutorial online (given by a very happy american) I was able to construct a basic flag and then go from there.
I had to go and buy some Linden Dollars so I got 500, for ¬£1.54. Not as bad as I thought it would be I must admit, but any way...
This was then more than enough to pay to upload images for textures and stuff, so for my flags I made a design in Photoshop and then uploaded it.
First I did the Plymouth Uni logo (to show it is a uni event), then a checkered flag (for the race), a START flag (I don' think I need to explain that one...), a flag saying it 'was a idat204 event' and lastly a flag to say what it was all about very very briefly.