I've commented before, many a time, about how the average level of filmmaking talent at Pixar is almost unfeasibly high. Of course, that's because every member of staff there, every animator and every story artists, is trained, nurtured, taken seriously and assisted in reaching their full potential.
Now you can see just how talented the students of a Pixar animation class are. We're still waiting for fully rendered version of the whole thing (coming soon!) but The Spline Doctors have popped up an animation clip from The Virgin Voyage, a 'Level 3 class' exercise. Of course, it's wonderful stuff and I recommend you watch it right away, lest it suddenly vanish.