Note: I DID NOT make this tutorial and I HAVE NOT tried it. I am only reposting and IT HAS worked for other people. 

For an Xbox 360 owner, seeing red rings on the face of the console is more terrifying than facing down the Covenant with almost no ammo and low armor or freeing Pacific City from the grasp of crime with only a level one agent.

Usually red rings mean at least a week of no gaming while you ship your box back to Microsoft, but some big thinker has come up with a new and unique way to save your box from an untimely death utilizing nothing more than two common, ordinary towels.

1. Detach your hard drive, disconnect your controllers and place the console on a flat surface.   

2. Rest your Xbox 360 on a towel and then place a second towel over it. Make sure that every side is completely covered with the towels.
 

3. From the outside of the towels, turn on your console and leave it on for ten to fifteen minutes before turning it off.  

4. Wait fifteen minutes and turn your console back on. It should now run just fine.

This really speaks to the ingenuity of mankind. Now, if we could only stop blowing each other up (outside of the Halo 3 beta) we'd be living in paradise.  

Xbox360rally.com: The Red Ring of Death...Cure Found!