How to: Fix Red Rings

[Notahax]

Tried it and worked!!
[ame=http://www.youtube.com/watch?v=avWs4-wD15w&feature=channel_page]YouTube - Xbox 360 Towel Trick vs. CheapyD (Shown on CNBC!)[/ame]

[Obama]

This only temporary works. and makes it even worse in the long run.

[cXm0d]

Yeah, the best way is to replace the XCLAMP, which isn't that hard, and can be done for about 10 bucks in parts.
Also, this method can cause long term heating issues.

[Mirror]

Pro tip: Call it in, get a new one or a refurbished one, and then get a month of xbox live for free.

[~Jagris]

Mirror I have done that about 5 times now, eachtime I get it fixed with in a week or so, first time took 3 days... The place is really close to me. I gave my cards to my friends made 10 bucks a card, and they had live.

[Greed]

I have the 360 elite, and when it gets the red ring i just send it in (yes i have another xbox cause im a rich mother f*cker) and i just chill with that, then it comes back and "Weclome Back" lasts about 6months till it goes red again though -_-.

[Mr. Moose]

I've got my 360 for 2 years now. I play alot and have never ever encountered the RROD.

[maclone]

Non 360 guy: What actually causes this RROD?
And why does nearly everybody with a 360 get it?

[kingofrock]

When a Microsoft Xbox 360 console experiences a "general hardware" failure or "core digital" failure, three flashing red lights appear (known as the "Red Ring of Death" or the "Three Red Lights of Death") around the power button, in lieu of the four green lights indicating normal operation. Warning signs may include freeze-ups, in which the screen has strange, spontaneous graphical problems in the middle of gameplay, such as checkerboard or pinstripe patterns on the screen, the sound is frozen and changed to a strange, static-like sound, and the console only responds to pressing the power button to turn it off. These events may happen once or several times until the general hardware failure occurs, or not at all. Just because an Xbox freezes once in awhile does not mean that the error will follow. When the error does occur, the user attempts to turn the console on and the three red lights are seen and the console will not function.
Some have confused General Hardware Failure with a similar looking error warning where four red lights appear, in which case the console does not detect an AV cable is plugged in. The four lights can sometimes also be seen when power surges or very brief power outages occur while the console is running, in which the console needs to be unplugged and plugged back in again to reset the error. In newer consoles, there can be three lights flashing with a green light flashing in the center for power outages.


Copied from Wikipedia, oh and a tip to not get the RROD at all: Get a PS3.

[Duplicity]

Microsoft even said they try to make the life expectancy of an XBOX 360 a year and one day. (Lol well not that exact)

Why?

So after a year you lose your normal warranty. Unless you have extended. And then you either A) Send it in and pay a huge fee... With no warranty. OR Buy a brand new one..

Moral of the story: Get a PS3.

P.S... The whispering eye!