'Hey Jumper' was done by some college students and it even won an award. If this wanted to get distributed even more, perhaps get it recognized but the professionals the internet is on the best way to get it out there.
Youtube is the obvious and most vital one because even the the big stars you see on T.V started off by putting video's on youtube and getting themselves recognized. And not to mention the two main social networking sites :
Just for the sake of distributing their product giving out copies out on DVD is a really good method, it is also smart to give them out for free. Also if it's been given out for free this enables it to get around more so there is no hassle. Due to it being a low budget film you may be able to get a cinematic screening to show your product to people maybe even a director. In my groups case our video has been posted up on Vimeo and of course our own blog so that our peers are able to view it, it all relates in the same way because we also have it being shown to our target audience.