Every couple of months, BitTorrent’s staff takes two days to come up with an innovative project that embraces the company’s goals — an event called the Palooza. Here’s the results of what happened this week.

In a longstanding tradition at BitTorrent, the company came together for a two-day hackathon, also known as a Palooza. The bi-monthly event has not only become a great avenue for BitTorrent employees to explore new ideas, but also a place where great ideas become company products. That’s why BitTorrent Labs exists. It’s the birthplace of Bundle, Sync and, most recently, Bleep.

When the dust cleared on Monday morning, it’s clear that the teams delivered. In fact, so well that we can’t tell you the details of the project that won the Palooza. The team behind Bleep, including frequent blog contributor Farid Fadaie, clinched the win with a special concept that we hope to share with you in the near future.