I know I just talked about a video with a pre-production reel, but it's also possible to put together an effective video on a minimal budget, so long as there's some sense of editing and the song's good. Jeff Fuller from L.A.'s Egg just got a new Flip video camera and used it to record a video. "Not exactly a proper music video," Fuller says, "but fun none the less." Agreed - I actually think the lo-fi video is an excellent match for the song, one of my favorites off Sunny Side Up.
Egg - "Summer Today" [YouTube]