Dowhitcherself Hosting
http://localhost/
Cost for domain: buy it yourself
Hosting price: Nothing besides your ISP fee's.
Setup fee: I bought a Pentium 133 for $15. 
Extra features:
Uhh...anything you really want 
This is the hardcore, low-cost, insane hosting solution for teams with no money whatsoever. Find a kid on your team that has broadband and no major use for it...give him an old computer, and tell him he's the master of the web. There...you have a webpage.
(If you think I'm joking around...I'm really not. This seriously isn't a bad way to do it. It'll give a few of the kids a good idea of how a server actually works. It's also so freaking cheap! You also don't have to worry about going over your bandwidth limitations or sizes or anything like that. It's not a very bad idea at all...)
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I'm a professional web developer. I'm good with PHP, Perl, Java/JSP, some RoR, XML, Javascript (AJAX as well), (x)HTML, CSS, etc.. Validated code is good; fully cross-browser code is better (you comply to your users and the software they use, not the other way around. Sorry!)
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