For those that remember the old one, a person posts an image (or a link to an image) and the person below rates it out of 10 (10 being the best) and posts a new image. They can be rated by how funny it is, awesomeness, randomness, etc. Don't post an image that has unbearable amounts of blood & gore, pornography, or anything adult.
Seeing as the SuperCheats banner is above my post, it gets a 5/10 (I found the old Dark Red banner) to be better.