I watched this on the El Mariachi/Desperado DVD and I must say this is a very good video. Rodriguez takes you through the filmmaking process very quickly, skipping the extra stuff that doesn't matter. He tells you how to shoot, where to shoot, and how to cut scenes together to pull off effects. After viewing this in college, friends and I tried to make a movie, although it isn't done yet. It is possible to do everything dirt cheap if you have family and friends who don't mind lending you stuff to use. All in all, if you want to make movies the Hollywood way, but don't have the X-men (2000) budget, this will tell you how.
P.S. For more details on filmmaking, watch the El Mariachi DVD with director's commentary and watch Anatomy of a Shootout: 10 More Minutes.