Flickr user artvixn took this photo of a humorous masquerade entry at the LA WorldCon 2006 about being a red shirt in Star Fleet.
Link [Flickr] | Artvixn's LA Worldcon 2006 photoset - see also Analysis of the Red-Shirt Phenomenon in Star Trek - via Super Punch
Update 9/20/07: Here's a YouTube clip of the entry, titled "Red Badge of Courage" by the costuming group ACRONYM - Thanks Arabella!
There are videos of the entry at YouTube
http://www.youtube.com/watch?v=DXFBrL0Zytk
http://www.youtube.com/watch?v=uMg7nlTOzko&mode=related&search=
The Entry was called the "Red Badge of Courage"
The Red Shirts and their fates are as follows
From Right to Left
The Hero (AKA Lucky) Bill Taylor
Diplomacy (AKA Beat Up) Arabella Benson
Technology (AKA Blown Up) Thomas Benson
Shore Leave (AKA Knocked Up) Bridget Landry
Sentient Cultures (AKA Blocked up) Carried by the Blue Shirt John Dougan
Alien Fauna (AKA E't Up) Kate Morgenstern