first movie i made internet was down so i decided to have a little fun
http://youtube.com/watch?v=ZOuH7dw35iM

I guess it was a decent video for your first one. Just a few things about it.

The fps was bad, not terrible, but bad. You can fraps it with 0.5x speed and then double the fps in vegas I think. I know another program that have that function, and many video makers use it, but I can't recall it's name atm. Maybe someone else can name the prog.
The intro (drifting in circles at autox) was a bit boring to see. No action there.
No custom cameras, or very few of them.
Only one car drifting, in a movie that is over 4 minutes it gets boring, for a movie with that length you need action to entertain the viewer. Good twin drifting, for example.
You forgot Ctrl+F sometime, I think.
And last, but not the least, the music. It was my type of music, it sounds nice, but it would feel nice also if you sync the clips with the music, if you understand. That's rather hard to do with that type of music, but it can be done I suppose.

This is just critisicm based from my own point of view, don't take this as any negative crap. Just hints and advices on how to make your next one even better. To be honest, my first video was way worse than this one, so you're much better than me anyway. I'm just saying what I want in LFS-vids. :]

Overall, 4/10. I'm looking forward to see your next vid dude, bring it on.

ya i didnt think it was goign to be that good i was just bored cause internet was out for a hour or two so i decided to make it. i will put more time into the next one