This project could very well be the easiest or the toughest depending on what you bring to the creative process. The minimum requirement for this project is to make the song at least 3 minutes in length. Any style of music is welcomed. Ideally, you would use some of the technical projects integrated into this project. I.e., use of the sampler, ducking, etc.
Do your best to avoid being a "lazy looper." Using some apple loops is fine, but ...
Dive into using the synthesizers, arpeggiators, etc.
Screenshots and a brief written narrative should be included with your final bounced MP3.
Think outside of the box!
Here is an example of a song I made when I was learning about a new synth called Signal.