During the final year of my degree, I attended a talk on the computer games industry. The speakers remarked that a demo program was almost essential to procuring a job for graduates. The demo should be complex, but not so complex that it would take up all of your time.
One of the speakers gave us an example; a basic spinning cube would be too simple, but a forest, or, even better, a spinning forest, would be something that they would consider. My demo program creates a single tree, rather than a whole forest; however you'll note that my tree is indeed spinning, which I hope counts for something ;)