The Rules

Once an entry is submited, the next participant has one week (7 days) to submit his own entry. The deadline is at midnight, on the seventh day (EST timezone). It is considered good etiquette to warn the list if you will not be able to make it in the given time.
A participant is deemed inactive if he or she didn't sent his or her last entry in due times and didn't warned the list. He or she will also be branded a lazy slob and generally snickered at by mysterious bystanders for the rest of his or her life.
Once a participant falls into this most shameful condition, it is his or her job to signal when he or she is back.
Entries can be rejected if more than 50% of the active participants vote that way.
If more than 75% of active participants vote that a participant sucks, he or she will be marked of a seal of infamy and sent away, with a big floating eyeball as sole companion.
If a vote is called, all participants have 4 days to have their voice be heard. Past this time, all participants that haven't voted will have their voices heaped on the side of statu quo.
Otherwise than that, no other rules. Except of course that good sportmanship is considered a must. We are sophisticated lovers of litteratures, not oil-stained barbarians, by Joves.