If you think you require lots of money, great cameras, and latest technology to make a movie with special effects, then you are completely wrong. If you are still not convinced, then do take a look at the (Russian) Fan-made Transformers Movie, as it will show you that you can create wonders, with a little imagination, and that too, at very low budgets.
This new take on the Transformers movie, originally created by Michael Bay, was created by a fan in Russia with the help of a Canon 550D with a lens kit 18-55mm + 50mm 1.8 and a Nikon D5000 with a lens kit 18-55mm. The entire recording of the movie took only two hours, while the fan spent around a month in editing. The resultant movie is purported to be even better than the original by some and has a different ending. Transformers fans will definitely enjoy this movie, if only for the different ending and the newer ways to exploit your camera and the software to create such wonders.