Had this idea a while back. Not sure if this will work that well. But lets give it a go.
I have started a song. Under the bridge to be exact. Played a small part of it.
One person record the next segment. Its wav "cd quality" if you are using windows sound recorder. This makes the files quite bulky. So might change this.Hmmm. ya. Its REALLY bulky. 1+ mg for 10 sec.
Then tag it on to the previous file and then host the updated one somewhere. Don't bother with lyrix !
So I suppose the first person that wants to do the next part makes the first post. Stopping others. Then edits that post with the link to the song when they are done. This should stop people wasting their time. Play the parts with whatever crazy ass effects/guitars you want.
go on.. you know you want to show skillz !
[edit]
Its MY NIGHT for forgetting bloody links. I sat and watched my file upload to my hosting.. And then posted it before adding the link.. get first part here