This film assignment is a favourite amongst students, and almost always wields phenomenal (and fun!) results. Students, working in groups of 4 or 5, are instructed to "think outside the box" to create and present an original version of the Shakespearean play they are studying. Suggestions include music videos, alternate endings, transposition, and sequels. It is important to remind students that most of their time will probably end up being spent in the editing booth.
I also have students complete peer evaluation reports to make sure that tasks have been fairly distributed when not under my supervision. If interested, I can also provide an (Ontario curriculum) grading rubric.
I first came up with this assignment when teaching Shakespeare's Othello for the first time to my grade 12 University preparation class. Easily modifiable to fit Hamlet, King Lear, or pretty much any other Shakespearean play (remember to change King for Queen, depending on the date of the play).