Ok, thanks for everyone’s input on the caption contests. I’ve given it some thought, and here’s the deal.
Caption contests will now last seven days. After a caption has been posted for seven days, I’ll turn off the ability to add new captions and I’ll declare a winner and a loser based on the votes. (Since I can’t disable the voting feature on certain caption contests without disabling it across the entire site, you’ll still technically be able to vote for completed caption contests, even though a winner has already been declared and your votes will mean nothing. Nothing!)
As an example, I just closed an older caption contest and declared a winner and a loser. Check it out to see what I mean.
Winners will receive a link to their website (if they provided it when submitting their caption) and losers will receive nothing (although I don’t want to rule out the possibility of putting a piece of shit on them.)