They're kidding right?
$50 prize - and swag. Woopty-freaken-Do!
First of all, if I wanted clothing with my design on it, I'd make'em myself. I really doubt I'd want a cheap t-shirt with a (waycool) internet logo on it. Yeah, stylin'!
Also, I agree with the last post - the only designers who would be interested in doing this much work for (a chance) at $50 are Larrys (no offense to anyone actually named Larry
) aka untrained, unprofessional wanna-bes who think that since they have photoshop and illustrator and can make a wicked-cool avatar (sarcasm) that they're designers.
Finally, no self respecting designer should take place in contests or spec work, and most designers I know - won't. Why don't companies understand this?
ps I'm applying right now!