I think that a complete movie would be to time consuming.
My first thought was
Lumière et compagnie (1995)
Plot Summary
40 international directors were asked to make a short film using the original Cinematographe invented by the Lumière Brothers, working under conditions similar to those of 1895. There were three rules: (1) The film could be no longer than 52 seconds, (2) no synchronized sound was permitted, and (3) no more than three takes. The results run the gamut from Zhang Yimou's convention-thwarting joke to David Lynch's bizarre miniature epic.
The reason why I choose this, is because there are 40 - 52sec shorts to choose from.
Here's David Lynch's 52sec
Version 1 Quicktime .mov
Version 2 Google video
ps: One of us would have to up them, for all.