A guy waits for his sweetheart, holding a love letter that's more magical than it seems. (I'm still working on Part II.) Animation done in 3ds Max, using a combo of Mental Ray and the scanline renderer. Lighting uses a daylight system; textures are a mix of procedural and images from Morguefile (http://www.morguefile.com).
Cloth is done by simulation in Max, water ripples are done using my iWaveOcean plugin (http://github.com/sdao/iWaveOcean), and clouds are done using a particle system.