So, for my Computer Graphics 2 class, we have a quarter long project (I'll have about 7-8 weeks to do it), in which we have to do something cool that pertains to computer graphics. Such projects include things like, implementing radiosity into our ray tracer, cloth simulation, fluid simulations, etc. Here are a couple of links of past projects from my class.
I like things that are really physics or math based, so simulations are appealing to me. I also think something that some how implemented deformation simulation in it would be really cool; but I haven't decided how I would keep that in the appropriate scope so far.
If I pick your idea, or expand on yours you win 500k CBD!