Topher Grace, star of "That 70s Show," created "Star Wars: Episode III.5: The Editor Strikes Back" by mixing down all 7+ hours of the three Star Wars prequels into one tight, punchy, 85-minute movie. The video is private on Vimeo, so I haven't seen it, but Peter Sciretta's detailed description on Slashfilm has me drooling for it.
Grace's version of the film(s) centers on Anakin's training and friendship with Obi-Wan, and his relationship with Queen Amidala (Natalie Portman). Gone are Trade Federation blockades, the Gungan city, the whole Padmé handmaiden storyline, the explanation of midichlorians, the galactic senate and the boring politics, Anakin's origins (a backstory which never really needed to be seen in the first place), the droid army's attack on Naboo, and Jar Jar Binks (Ahmed Best) appears only briefly for only one line of dialogue, used as a set-up to introduce us to the Queen.
The first time we see Anakin, he is grown up and played by Hayden Christensen (Jake Lloyd never appears in this version). Kenobi and Skywalker are assigned to protect Amidala from additional assassination attempts. This leads us quickly into the chase to capture the assassin in the skies of Coruscant. Anakin is assigned to accompany Padmé to her home planet of Naboo. Unlike George's version, Obi-Wan doesn't discover an army of clone troopers on Kamino, but instead stumbles upon Count Dooku's motives.
While the Clone troopers make a couple short appearances in this version of the film, the word "clone" is only used once, and the whole storyline is almost completely cut from the story. Jango Fett makes only a small appearance, and his son Boba Fett is left on the cutting room floor. Anakin returns to Tatooine and finds his mother tortured to death by the Tusken Raiders, but gone is the laughable aftermath.
(Thanks, Fipi Lele!)