I use this project as an ice-breaker to my test prep class. I use this project as a diagnostic to assess students presentation skills, their writing skills, their ability to use technology, to follow directions, and of course, to get to know them!
For the first few days of classes, we are focused on this project. The setup up for this project is to easily be able to assign the various parts to various days, and then use the final rubric to grade the presentations.
Not only are students asked to express themselves, but they are asked to analyze song lyrics in order to relate to certain life events.